Original disclosure @ EBRD website
Updated in EWS Aug 19, 2022
Disclosed by Bank Apr 11, 2022
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According to the bank website, the project consists of an equity investment in Adventum Penta Co-Investment SCSp, a closed-end limited partnership to be incorporated in Luxembourg to co-invest with Adventum Penta Fund SCA SICAV-RAIF in acquiring and operating commercial real estate, including mix-used and retail assets, in Central and Eastern Europe.
The Bank's participation will be used towards the acquisition of two portfolio assets, Sky Tower located in Poland, and a chain of grocery-anchored retail parks located in Hungary and Czech Republic, with potential follow-on investments in Slovak Republic and other CEE markets.
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The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
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