October 30, 2025

Yapı Kredi Issues USD 650 Million Tier 2 Notes

Yapi Kredi has restructured the financial indebtedness of seven Turkish shopping malls within the Forum AVM Group, in conjunction with the acquisition by Kucukler Holding and VK Holding of a 40% stake in the Forum AVM Group.

Yapi Kredi was advised on the restructuring by the GKC Partners law firm.

Image source: www.avmgezgini.com

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Develia and PFI Global Enter Joint Venture for Wroclaw Development

Develia and PFI Global have entered a joint venture for a multi-stage project to develop and commercialize residential and commercial units totaling approximately 29,191 square meters of usable area on Lotnicza Street in Wroclaw. 

Hinitsa Bay Four Seasons Resort Secures Financing from CrediaBank

CrediaBank has provided financing for the reconstruction, development, and refurbishment of a luxury resort in Porto Heli, Argolida, to be operated by Four Seasons. 

Kemberton Issues PLN 120 Million Bonds

Proceeds from the new bond issue were used to redeem part of the PLN 170 million of Ghelamco Invest bonds held by retail and institutional investors, which matured on September 29, 2025.