Erste Group provides €85.5 million refinancing for mall in Romania

19
Aug
2025
News - Erste Group provides €85.5 million refinancing for mall in Romania #Erste Group #loan #mall #Pitești #Prime Kapital #refinancing #retail #Romania #shopping

by Property Forum | Retail

Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.


Developed by Prime Kapital and inaugurated in April 2024, Argeş Mall is now the largest shopping centre in Argeş County. The scheme includes over 150 stores, a 3,500 sqm food court and a panoramic terrace overlooking Lake Prundu, positioning it as both a retail and lifestyle destination.

Roman Kubanyi, Industry Lead – International Commercial Real Estate Finance at Erste Group. underlined in a LinkedIn post that the project reflects wider trends in the Romanian retail real estate market, where regional hubs are becoming increasingly important.




New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.

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