Kinstellar has advised Raiffeisen Bank International AG and Raiffeisen Bank S.A. as lenders on the refinancing of CPI Europe's portfolio of four office buildings in Bucharest. The transaction involved a financing and security package requiring coordinated legal advice across four jurisdictions.
CPI Europe is a publicly listed European real estate group based in Vienna, with a property portfolio of 355 assets carrying a value of more than €8.5 billion. The company focuses on office, retail and residential properties across ten European markets.
The refinancing supports CPI Europe's continued management of its Bucharest office portfolio and reflects the cross-border nature of major real estate financing transactions in the CEE region.
Kinstellar's Bucharest team coordinated the transaction and related cross-border workstreams through signing and closing. The Romanian team advised on financing documentation, the security package, corporate and closing matters, and title and property-related aspects. The Vienna team provided Austrian law advice in connection with the Austrian entities and related transaction documentation.
The Romanian team included Magdalena Raducanu (Partner), Alexandra Sofineti (Senior Associate) and Ioana Moldoveanu (Junior Associate) on financing aspects, and Victor Constantinescu (Partner) and Iunia Nagy (Managing Associate) on title and property matters. The Austrian team comprised Laurenz Liedermann (Partner) and Anna Itkin (Associate).
