By Vladimír Kaláb / HOSPODÁŘSKÉ NOVINY / Published 14 August 2008 Translated with permission by the Prague Daily Monitor Sekyra Group has yet to secure finances for its Rohanský ostrov project. Banks, nervous after the US mortgage crisis, want developers to raise their share in project financing. "Banks not only want investors to put more money into projects - we, for instance, pay 15% instead of 12% - but they also want us to have preliminary contracts with some of the future home owners when the construction begins," said Irena Reichlová, sales director at Satpo Development. Please enter your username and password to...
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