Global Vision Investment Fund has signed a refinancing agreement worth EUR 4.5 million with Raiffeisen Bank Romania for its retail asset in Oradea.
The development is anchored by ATAC by Auchan under a long-term lease agreement.
GVIF is an investment and real estate development platform founded by the Global Vision group. According to GVIF, this transaction marks an important step in diversifying its financing sources and expanding its investment portfolio, “reaffirming the fund’s strategic vision focused on high-quality assets, financially robust partners, and reputable financial institutions.”
“This financing represents the final step in consolidating an investment that aligns perfectly with our highly selective policy of investing only in quality assets with long-term lease agreements, thus ensuring a portfolio with granular exposure and above benchmark yields, resilient to both real estate market cycles and economic cycles,” commented Global Vision CEO and Founder Sorin Preda.
GVIF continues its investment expansion, with a current project pipeline exceeding EUR 100 million in various development stages. These include assets from the retail, industrial–logistics, data center, office, and residential segments.
Filip & Company advised Global Vision on the refinancing.
Image source: globalvision.ro