The real estate developer Mitiska REIM obtained a loan worth EUR 19 million from Erste Group Bank AG, to finance the construction of a retail park in Pitesti, informs the law firm PeliPartners, which was the financial advisor of Mitiska REIM in this business.
The loan is intended to finance the development costs associated with the completion of the retail park, as well as to further finance the company after the project becomes operational.
PeliPartners has a successful partnership with Mitiska REIM, being with its client since entering the Romanian market. PeliPartners previously assisted Mitiska REIM in the refinancing of its retail park portfolio for a total loan amount of EUR 123 million, as well as in the largest real estate transaction of 2023 in Romania, the sale of the 25 of retail parks owned by Mitiska REIM in Romania to LCP Group, part of M Core.
Source: economica.net
