Bucharest’s Hermes Business Campus secures EUR 30 mln financing

Newsroom 09/04/2015 | 13:19

JLL has secured financing worth EUR 30 million for the Hermes Business Campus (HBC) office complex in Bucharest on behalf of Atenor Group, the office project’s developer.

“In order to better serve our clients with a presence in Romania we have extended our Capital Markets services to include Debt Advisory. We manage on behalf of developers and investors the debt arrangement and due diligence processes and create competitive tension between potential lenders, ensuring best possible terms for our clients in terms of both flexibility and pricing. We have recently successfully secured a new debt financing deal for Bucharest’s real estate market. The purpose of the Debt Advisory service in JLL Romania is to streamlines the timeline for financings and connect the Investors with the lenders,” stated in a release Silviana Badea, head of Capital Markets of JLL in Romania.

HBC is located in Dimitrie Pompeiu, Bucharest’s Pipera neighborhood, adjacent to the city’s new Central Business District (CBD) and represents an office complex consisting of three buildings designed to be built in several stages, with an area of up to 75,000 sqm of offices. The first phase of the project was completed in Q1 2014 and has been 100 percent leased. Among the major tenants there are: Idea Bank (RIB), Lavalin, Luxoft, DB Schenker, e-Value, Xerox and the Embassy of the Kingdom of Netherlands. The second stage of the project will be delivered in the first quarter of 2016 and has already secured lease agreements.

“Hermes Business Campus is a premium project with innovative design elements for the Romanian market. The project has met all the bank’s requirements in terms of location, specifications, developers’ reputation and risk. The financing is meant to partially close the shareholder loans and partially cover the second phase of the development. We are delighted we were able to help establish this partnership between Atenor Group and the financing institution and certify thereof the interest and security shown by these participants in the Romanian Real Estate market. We are confident that this is just the beginning and our Debt Advisory team will originate and advise more deals in Romania’s Real Estate Market. The office and retail segments enjoy more interest from banks and private funds for refinancing and development facilities,” stated Florentina Mitricoaia, Capital Markets consultant with JLL, in charge with concluding the project.

Active for over 20 years in the real estate development sector, Atenor Group is since 2007 present also in Central Europe where it focuses on Romania and Hungary.

Staff

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue