![]() ![]() In developing the project, eMAG is committed to BREEAM Excellent certification standards for green buildings, to optimise energy consumption and limit greenhouse gas emissions. Greek Alpha Bank, which has developed a broader collaboration with eMAG, will extend a €70mn loan to finance the project. The investment is estimated at €100mn and the company already used a €30mn bridge loan to start it. Romanian online retailer eMAG is developing a 100,000-120,000 square metre logistics hub near Budapest – the largest of this type in Central and Eastern Europe (CEE), according to a company’s press release.ĮMAG has operations in Romania, Bulgaria and Hungary and a marketplace hosting 40,000 sellers. ![]()
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