ARTICLES LABELLED WITH TAG Erste Bank

Futureal, owner of the Etele Plaza shopping centre in Budapest, has signed a €165 million loan agreement with a consortium comprising Erste Bank Hungary, Erste Group Bank and UniCredit Bank Hungary. The refinancing extends the loan maturity to 2035.

Iulius and Atterbury Europe have secured the largest loan ever granted for a new real estate development in Romania. The €400 million syndicated financing will back the development of the Rivus Cluj-Napoca mixed-use urban reconversion project. The green loan was provided by a consortium of four major financial institutions: Erste Bank, BCR, EBRD, and BRD. 

Living, Wing’s residential development arm, has secured a financing worth HUF 12 billion from Erste Bank for the construction of the Római Park residential project in Buda. Construction works started last August, with completion expected in 2026.

Asset management firm Diófa and the Hungarian branch of Erste Bank have concluded a financing deal for seven years. The refinancing contract is worth €73 million, portfolio.hu reports.

Romanian developer Iulius and its partner Atterbury Europe have secured a financing deal worth €410 million for its national network of shopping centres in four Romanian cities. 

Banks are happy to finance practically any new logistics project. But they are extremely cautious with the office and retail segments, not to mention hotel investments. Property Forum asked Tamás Deák, Director of Commercial Real Estate Finance at Erste Bank Hungary Zrt. about their financing practices amid the new, harsh economic conditions.

Thanks to new financing from  Erste / Česká spořitelna, Demaco was able to conclude a new contract with Schott. Demaco believes that this contract will bring even more investment to the region and the town of Valašské Meziříčí, the company´s CFO Zdeněk Raus told Property Forum.