East Gate Mall in Skopje is scheduled to open its doors in the fall 2021
East Gate Mall in Skopje, North Macedonia, which features 250 retail units, is scheduled to open its doors in the fall of 2021. Balfin Group Albania is responsible for the project. A syndicated loan agreement in the amount of €72 million has recently been signed to finance the construction of East Gate Mall, a real estate investment project belonging to Balfin Group Albania. The project is set to become one of the most modern shopping centres in the Balkan region. It is a 103-million-euro investment project located on the site of the former exhibition centre of Skopje, the capital of North Macedonia. The syndicated loan was financed by NLB Group, Komercijalna Banka Skopje, Raiffeisen Bank Albania, and Halk Bank Skopje. Igor Davkov, CEO of East Gate Mall, commented: “We have signed the largest amount of bank financing in Macedonian history, in terms of project financing of a private sector investment. The signing of this agreement closes East Gate Mall’s financial…
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