IULIUS Company, together with partners Atterbury Europe, recently signed a EUR 410 million financing agreement for the nationwide network of Iulius Mall regional shopping centers in IaČi, Cluj-Napoca, Suceava and TimiČoara. The loan supports the long-term investment plans of the developer toward consolidating its projectsā regional market leader status in the retail and entertainment segment.
The 410 million Euro loan contracted by IULIUS Company is a long-term syndicated loan refinancing granted by Erste Group Bank AG, Banca ComercialÄ RomĆ¢nÄ S.A., Raiffeisenlandesbank Niederƶsterreich-Wien AG, OTP Bank Nyrt, and OTP Bank Romania S.A.
The law firm Wolf Theiss provided the legal framework for conducting this transaction.
āThis is a landmark transaction for the Romanian real estate market by virtue of its volume and characteristics which offer a viable alternative to the capital market. On the one hand, it certifies the financing partiesā confidence in the projects of IULIUS Company that have grown into sustainable and recognized regional centers of attraction in terms of shopping, business and leisure. On the other hand, it certifies our loyalty to and trust in banks as business partners, which are essential values in our organization. The new loan is geared towards implementing the corporate goals in the development strategy of the company,ā said Marius PerČenea, Chief Operating Officer IULIUS Real Estate.
