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Articles - finantare

Adval Asset Management gets EUR 6 mln refinancing for Cascade Offices

JLL has secured a financing of EUR 6 million for Adval Asset Management Management to refinance Cascade Offices from Bucharest. The offices have a leasable surface of 4,200 sqm. The building was delivered in 2005 and is placed in the center of Bucharest.

Firms in Romania can get state aid for investments over EUR 1 mln

Companies will be able to receive state aid for investments over EUR 1 million in their production units, said the Economy Minister Costin Borc.

Owner of Green Gate office building pays back EUR 10 million of its construction loan

S Group has increased the capital of the Romanian company Green Gate Development, the developer of an office Building in Bucharest, with EUR 9.85 million. The amount is used to pay back part of EUR 14.6 million loan took in 2007.

Globalworth raises EUR 180 mln from bond sale to Canada Pension Plan Investment Board and Cairn Capital

Globalworth Real Estate Investments, one of the main property developers in Romania, has signed a three-year EUR 180 million secured bond transaction fully subscribed by Canada Pension Plan Investment Board (CPPIB) and Cairn Capital.

NEPI borrowed EUR 20 million from BRD for City Business Centre in Timișoara

Investment fund NEPI obtained in January EUR 20 million loan from BRD - Group Societe Generale for the financing of the office complex City Business Centre in Timișoara, took over entirely last year from the businessman Ovidiu Șandor, a company report shows.

Romania to launch two investment funds for IT startups

The Government wants to create two investment funds with a total budget of over EUR 100 million to finance IT startups.

Veranda shopping center signs EUR 25.5 million financing deal

The Veranda shopping center, in the Obor area of Bucharest, signed a EUR 25.5 million financing deal with Raiffeisen Bank SA and Raiffeisen Bank International AG for the development of the project in the next period of time, according to a company press release.

Libra Bank considers real estate projects’ financing

Libra Bank, a small player in the Romanian banking system, part of the American investment fund un New Century Hol­dings, started the year in force on the real estate segment, announcing its intention to finance two residential real estate projects in Cluj and Braşov.
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