ARTICLES LABELLED WITH TAG Marius Perșenea

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. 

There is still a mismatch between buyers and sellers on property deals in CEE, but the market will attract more investment due to high yields and growth potential in industrial, residential and office, concluded speakers of the 2024 Property Investment Outlook online event organised by Property Forum.

Despite a challenging financing environment, mixed-use developments are gaining ground in Romania as they provide a better mix of facilities for end–users and tenants, concluded speakers of the mixed-use panel of SEE Property Forum 2023, held in Bucharest recently.

Marius Persenea, COO of Romanian developer Iulius, spoke with Property Forum about the macroeconomic picture of the country going into 2023 and the potential of regional cities to attract property investments on the medium and long term.

Although financing has become more expensive for real estate companies in the past 12 months, transactions are still being carried out, pointed out speakers in the financing strategies panel of CEE Property Forum 2022 in Vienna.

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.