Erste Group Bank and its Romanian subsidiary BCR have jointly provided €21 million in refinancing for the Day Tower office building in Bucharest. The loan facility was signed with Danube Capital Partners.
Day Tower is located close to Unirii Square and has a built area of 11,753 sqm. The project was delivered in 2018.
The transaction supports the long-term development and repositioning of the property and reflects ongoing confidence in the resilience of the Romanian office market, according to law firm SAA, which advised Danube Capital Partners.
The banks were advised by law firm Wolf Theiss.
