Erste Group Bank and Banca Comerciala Romana have extended a EUR 21 million financing facility to Danube Capital Partners for the Day Tower office building in Bucharest.
The Day Tower is a prominent office building in the center of Bucharest, and, according to the Wolf Theiss law firm, which advised the lenders on the deal, the loan is intended “primarily for the refinancing of the existing indebtedness contracted in 2018 for the development of Day Tower.”
The Stratulat Albulescu law firm advised the borrowers on the deal.
Image source: www.daygroup.gr