Eden Finance plc - Purchase of Property

Monday, October 27th, 2014

On 27 October, Eden Finance plc announced that Eden Leisure Group Ltd (the Guarantor of the Eden Finance plc bonds) completed the acquisition of the premises currently named Giorgianis Hotel and situated adjacent to the InterContinental Hotel for a total consideration of €5.55 million. The deal has been financed through the Group’s parent company own funds as well as bank borrowings.

The announcement also stated that it is the intention of the Group to demolish this property and build a new internationally branded hotel.

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