OTP Bank provides €25 million loan for Sofia office project

20
Jul
2020
News - OTP Bank provides €25 million loan for Sofia office project #Bulgaria #development #financing #Kinstellar #loan #office #OTP #SEE #Sofia

by Property Forum | Office

Law firm Kinstellar has successfully represented OTP Bank and its Bulgarian subsidiary, DSK Bank, in negotiating a €25 million loan for the construction and operation of Balkan Business Center, a major office complex in Sofia.

The 20-storey building has a built-up area of nearly 50,000 sqm and combines 12 office floors and six parking levels. Construction is planned to be completed by the end of 2020.


Bulgaria development financing Kinstellar loan office OTP SEE Sofia


Latest news


New leases

  • Galeria Askana in Gorzów Wielkopolski has significantly bolstered its retail mix by signing a lease agreement with HalfPrice for a unit exceeding 2,000 sqm. The off-price retailer, part of Grupa Modivo, is scheduled to open its doors at the end of August 2026. The project features a large-format layout with the potential to expand the footprint to nearly 2,700 sqm.
  • The global fintech group - Capital.com - has extended its lease agreement for 3,000 sqm of office space in the Skyliner office building in Warsaw until 2032. Over the past 12 months, lease extension agreements for a total of nearly 12,000 sqm have been signed in the building.
  • REHAU, a global manufacturer of advanced polymer solutions, has signed a lease for approximately 4,100 sqm of space at MLP Business Park Poznań. The new facility will integrate warehouse operations with modern office space and a dedicated showroom for product presentations, corporate meetings, and technical training.

New appointments

  • Romanian office developer Genesis Property has appointed Cătălin Niculiță as Leasing Manager. With nearly 20 years of experience in the real estate industry, he has held leadership roles at real estate companies such as Atenor, collaborating with major office tenants in the banking, telecom, and IT sectors.
  • Krzysztof Wróblewski (MRICS) has been named Head of Portfolio Management CEE at Peakside Capital Advisors, responsible for overseeing investments and managing the real estate portfolio. He succeeds Christopher Smith in this role.
  • Garbe Industrial is reorganising its senior leadership team. CEO Christopher Garbe will now focus on strategic orientation and international activities. Jan Philipp Daun assumes leadership of the Development division alongside his existing Investment and Joint Venture responsibilities. Andrea Agrusow expands her remit to include Portfolio Management while retaining control of Commercial and Real Estate Management. Additionally, Michael Marcinek and Maik Zeranski will now jointly head the restructured Development unit as Management Board Members, succeeding Adrian Zellner.


Latest news

News - Panattoni inks 12,500 sqm lease deal with Fabryka Kart Trefl-Kraków
11
Mar
2026

Panattoni inks 12,500 sqm lease deal with Fabryka Kart Trefl-Kraków

by Property Forum
Panattoni has secured a new tenant for its investment in Małopolska. Fabryka Kart Trefl-Kraków will occupy 12,500 sqm of warehouse and office space at Panattoni Park Kraków East V.
Read more >
News - Falling rates draw investors to CEE. They must hurry as prime city centre sites run out
11
Mar
2026

Falling rates draw investors to CEE. They must hurry as prime city centre sites run out

by Property Forum
Poland’s recent cycle of interest rate cuts has improved financing conditions and reinforced investor appetite for major cities across CEE. It has also intensified the race for the remaining attractive buildings and development plots in core locations. In this competitive environment, institutional investors benefit most when they work with platforms that manage the entire process from A to Z – from identifying and acquiring the right site or standing asset, through design, permitting and construction, all the way to long‑term operation and asset management, ensuring stable returns on capital. 
Read more >
News - Prologis targets 178,000 sqm of new Czech developments in 2026
10
Mar
2026

Prologis targets 178,000 sqm of new Czech developments in 2026

by Property Forum
Logistics investor Prologis enters 2026 with plans to significantly expand its footprint in the Czech Republic, targeting up to 178,000 sqm of new development in prime logistics hubs.
Read more >


Property Forum ABOUT US

Property Forum is a leading event hub in the CEE real estate industry with over 10 years of experience. We organise conferences, business breakfasts and workshops focused on real estate, in London, Vienna, Warsaw, Budapest, Bucharest, Bratislava, Prague, Zagreb and Sofia, amongst other locations.
Please send press releases to
newsdesk AT property-forum DOT eu
MORE >

CONTACT

NEWSLETTER

 

Property Forum © 2017 – 2026 | Terms & conditions | Privacy policy