”This financing enables us to speed up investments in projects that reduce the carbon footprint and contribute to the development of a more resilient community and cleaner environment,” said Eliza Predoiu, CFO of NEPI Rockcastle.
This financing, structured as a “club loan” over a three-year period, with the possibility of a two-year extension, represents one of the most significant sustainability-linked financings in the commercial real estate sector in Romania in 2025.
The amounts committed by the three creditors are EUR100 million from BRD Groupe Société Générale, EUR50 million from UniCredit Bank, and EUR40 million from Garanti BBVA Romania.
The transaction was assisted by law firm CMS, which represented the bank consortium, and by law firm Dentons, which advised NEPI Rockcastle.
NEPI Rockcastle is the largest owner, operator and developer of shopping centers in Central and Eastern Europe (CEE). The company’s portfolio, worth EUR7.9 billion, spans eight countries of CEE and includes 57 commercial properties.
The company has a portfolio of 168,800 sqm of projects under construction or modernization, that were already started or planned, in Romania, Poland, Bulgaria and Hungary.