AFI Romania has announced it signed a EUR 537 million refinancing agreement for three projects in its portfolio: AFI Cotroceni, AFI Brasov, and AFI Ploiesti.
Financing was provided by Erste Bank, Banca Comerciala Romana SA, Raiffeisen Bank SA, Raiffeisen Bank International, and Unicredit Bank SA.
According to the company, this is the largest transaction of its kind in the Romanian real estate market.
“This refinancing reflects the strong confidence our financial partners place in AFI’s portfolio and in the long-term potential of the Romanian market,” commented AFI Romania Group Deputy CEO & CEO Doron Klein. “We remain committed to advancing our development and consolidation plans, staying true to our mission of delivering sustainable, high-quality projects that meet the evolving needs of our communities and clients.”
Dentons advised the banks and CMS advised AFI on the refinancing.
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