Ronesans gets €30 million social infrastructure financing via EBRD

By Marisa Wong

Los Angeles, March 28 – Ronesans Gayrimenkul Yatirim AS (Ronesans Real Estate Investment), a subsidiary of Ronesans Holding, obtained a €30 million senior loan from the European Bank for Reconstruction and Development to support regions affected by the earthquakes in 2023, according to a press release.

The loan will finance the support capex of Kahramanmaras and Sanliurfa Piazza Shopping Centres and will be backed by a guarantee from the European Union.

According to the release, the project is intended to support the preservation of human capital and the livelihoods in the region. The commercial real estate development and investment company will provide a skills development program and crafts production trainings dedicated to women. The sales training will prove beneficial to Kahramanmaras Piazza Shopping Centre’s tenants who are facing labor shortages following significant migration from the city after the earthquakes.

Ronesans is an Ankara, Turkey-based contracting and investment company.

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