Adval Asset Management secured a €6m loan to refinance Cascade Offices in Bucharest. Located on Buzeşti street, the project, completed in 2005, offers 4,200 sqm of leasable space. Tenants include Procredit Bank, Enel and Taiwan TC. JLL Romania’s capital markets team helped Adval secure the financing.
“JLL consulted Adval Asset Management in attracting the loan to refinance a current loan, taking advantage of positive conditions on the financial market and banks’ appetite for lending. The terms and price offered by the bank are extremely competitive, which demonstrates the confidence of the bank in the office market, provided that the owners have a good track record,” said Silviana Badea of JLL Romania.
