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Articles - financing

AFI Europe receives EUR 39 mln loan for AFI Park 4&5 in Bucharest

AFI Europe has signed a financing agreement totalling EUR 39 million for finalizing the construction of AFI Park 4&5 office buildings, say company representatives.

Lidl and Kaufland’s expansion in CEE, including Romania, financed with public money

Retailers Lidl and Kaufland, which are owned by German Schwarz Group, have received almost USD 900 million in public development funds from a division of the World Bank and the European Bank for Reconstruction and Development (EBRD), to finance its expansion in Central and Eastern Europe, including Romania, in the last ten years.

Papalekas to attract EUR 45 million financing for Bucharest One tower and other acquisitions or projects

Real estate investment company Globalworth, founded and controlled by the businessman Ioannis Papalekas, has obtained a short term financing from the groups Oak Hill and York Capital, controlled by Amercian investors, according to information on company’s website.

Romanian real estate developer plans EUR 30 mln bond issue for new projects

Romanian real estate company Impact Developer&Contractor plans to launch a bond issue of up to EUR 30 million (RON 135 million) to finance its new projects, the company has announced.

General Concrete secures EUR 6 mln loan for residential development in Bucharest

General Concrete Land Development has secured a EUR 6 million loan from Garanti Bank for the development of Sunflower Grand Apartments, a residential project in Bucharest. The funding was granted for a period of three years.

Romania supports small and medium enterprises with EUR 3.3 mln

The Romanian Government released on April 22 RON 15 million (EUR 3.3 million) to launch and carry out programs aimed at supporting the small and medium-sized enterprises (SMEs).

Romanian real estate developer to issue EUR 30 mln bonds

Romanian real estate developer Impact plans to issue corporate bonds in local currency (RON) and raise up to EUR 30 million (RON 135 million) for its projects.

Belgian developer gets EUR 30 mln refinancing for office building in Bucharest

Belgian real estate developer Atenor received a EUR 30 million loan to refinance an office building in northern Bucharest.

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