Weerts Group, the developer of the Unirii View Tower office building in Bucharest, has secured a credit facility worth €29.5 million from BCR. The funding will be used to refinance a previous loan for the office project's development.
Delivered during 2018, Unirii View Tower is the tallest office building in downtown Bucharest.
Law firm Țuca Zbârcea & Asociații worked with the developer on the financing deal.
“We are delighted that this highly significant transaction was successfully completed within the timeframe agreed by the parties, further demonstrating that sustainable real estate projects can earn the trust of major financial institutions such as BCR,” said Gabriela Anton, Partner at Țuca Zbârcea & Asociații and head of the firm’s banking and finance projects.
The building has a built-up area of 20,215 sqm, while the infrastructure has another 6,000 sqm.
