The company thus contracts one of the most important bank financings granted over the last years for players on the Romanian real estate market.
According to Affan Yildirim, general manager and member of the Executive Board of Anchor Grup and member of the Executive Board of Shopping MallDova, Anchor’s partnership with Banca Transilvania is a good sign for the real estate market, not just for the group, but for all active investors in Romania and potential foreign real estate investors interested in Romania.
“The credit facility remains the most important and to date, the most effective source of financing in Romania accessed by the real estate industry,” said Cosmin Calin, Executive Director Large Corporate at Banca Transilvania.
Since 2013, Anchor Grup has invested over EUR16 million in its two shopping centers in capital city Bucharest.
Over the last years, Anchor Grup’s investments also targeted the residential development sector and they started in 2009 with InCity Residences, which consists of over 500 apartments distributed across four blocks of flats. Pallady Towers, which has over 200 apartments across two buildings, is the company’s second residential project finalized. Currently, the Select Residences residential complex – with over 300 apartments across three buildings – is under development.
Anchor Grup’s portfolio also includes the Anchor Plaza, Plaza Romania Offices and Metropol Plaza office buildings, which currently are under development.