CEC Bank has granted a financing of EUR 8 million to Cerinvest Imobiliare SRL, the developer of the Fashion House Outlet Pallady shopping complex.
“CEC Bank finances Romania’s economy, entrepreneurs and the financial needs of a modern society. We are glad to support the development of this project with strong influence in the eastern part of the capital. We will continue to support all projects that are viable. We want to be the house bank of all entrepreneurs,” said Laura Mihai, Director of the Large Clients Department at CEC Bank.
The first phase of the Fashion House Outlet Pallady project was completed in 2021, with a leasable area of around 7,600 sqm. The second phase involves the construction of a leasable area of about 5,700 sqm.
Cerinvest Real Estate is part of the Liebrecht & Wood group, one of the leading players in the retail park and outlet centre segment in Central and Eastern Europe.
