Romania’s Vox Property Group says it secured €19.5 million in funding from CEC Bank that will be used to refinance other loans and to support ongoing projects in the country.
The group is currently working on developing Vox Vertical Village residential project, close to office complex Vox Technology Park. The CEC Bank loan will fund ongoing construction works on the residential complex.
”2020 was a difficult year for the office segment but we repositioned rapidly, and we took numerous measures to increase the sanitary security in the office project, decisions that generated good results in terms of office space rentals,” says Virgil Tornoreanu, CEO Vox Property Group.
PCF Investment worked with the property group on securing the loan.
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