Mark Davis has been appointed the new EBRD Regional Director for Romania and Bulgaria and will assume his new role in Bucharest on 1 April 2019. Mr Davis follows Matteo Patrone who has become Managing Director for Eastern Europe and the Caucasus.

The EBRD and Revetas, a specialist real estate investment advisor focusing on Central and Eastern Europe (CEE), are joining forces for the acquisition and development of a portfolio of prime business properties in the region. The EBRD is investing €28.6 million in Project Keystone, a portfolio of premium real estate assets located across CEE representing a total gross leasable area of over 173,000 sqm. The total asset value, including gross development value, exceeds €450 million.

The EBRD and ING Romania are joining forces to finance the logistics park CTPark, situated on the A1 Bucharest-Pitesti motorway and 2 km away from the Romanian capital. The financiers have arranged a package of €96 million, of which the EBRD is providing €43.8 million and ING €52.2 million.

The EBRD and IFC, a member of the World Bank Group, are boosting the retail sector in Serbia, Montenegro and FYR Macedonia with €164 million in loans to the investment firm Hystead.

The European Bank for Reconstruction and Development (EBRD) said it has subscribed €50 million into a €500 million Eurobond first issuance by NE Property Cooperatief, a company owned by CEE-focused real estate investment trust NEPI Rockcastle.

CTP, the European Bank of Reconstruction and Development (EBRD) and BCR announced the closing of a credit facility totalling €75.8 million, of which €36.7 million were granted by EBRD and €39.1 million by BCR. The loan will support the expansion of CTPark Bucharest West by two new warehouses totalling over 70,000 sqm. The total investment in this expansion phase will reach €108.9 million. With a total planned 600,000 sqm lettable area, CTPark Bucharest West is designed to become the biggest, as well as fastest growing industrial park in the country and the region. BCR acted as mandated lead arranger, documentation, facility and security agent.

The European Bank for Reconstruction and Development (EBRD) is participating in the acquisition of Żabka, one of Poland’s leading food retailers, with an equity investment of up to €25 million.

The EBRD is joining forces with Mid Europa Partners to strengthen Romanian supermarket and convenience chain Profi Rom Food S.R.L. by providing a €25 million equity investment. Profi operates around 523 stores in more than 272 localities throughout Romania. The EBRD’s financing will support a further expansion of the network, particularly into the country’s smaller towns.