News Article Atenor Bucharest Erste financing loan office pbb Romania
by Property Forum | Office

Atenor announced the signing of a financing of €80 million with pbb Deutsche Pfandbriefbank and Erste Bank. This funding for a period of 5 years (2020 - 2025) covers the three buildings that make up the 75,000 sqm Hermes Business Campus office complex in Bucharest.

Hermes Business Campus is a high-quality office campus, certified 'BREAAM Excellent' and located just across the road from the district's main metro station and along the Dimitri Pompeiu Boulevard, north of Bucharest. Hermes Business Campus enjoys good accessibility and immediate connection to airports.  The project’s list of tenants includes Genpact Romania, the world leader in business process operations, DB Schenker, Luxoft, Lavalin, Mondelez, etc. These buildings have already been the subject of lease renewals and generate rental income in the order of €10.3 million per year. The health crisis had no material impact (less than €0.1 million) on rental income.

For Atenor, this new credit transaction in Central Europe broadens the diversification of financing sources and maturities, a cornerstone of Atenor financing policy.

Concerning the real estate complex as an asset, Atenor maintains its intention to proceed with the sale of this asset, in accordance with its general policy.