The project consists of residential, office, co-working and retail spaces.
Speedwell contracted a loan of EUR12.1 million from BRD, in 2018, in order to fund the office component of the project. The loan has now been refinanced by the same bank and has reached EUR22 million.
Reff & Associates | Deloitte Legal lawyers specialized in banking and finance provided assistance in relation to the negotiation of the transaction documents, as a continuation of the assistance provided in connection with the initial project. The project team was made of Andrei Burz-Pinzaru, Partner, Patricia Enache, Managing Associate, and Danut Arion, Associate.
Record Park Offices is the first mixed-use project developed by Speedwell in Romania and its 236 apartments and 15,000 sqm of office and retail spaces have already been put into full service.
Speedwell, founded by Belgian-born real estate experts Didier Balcaen and Jan Demeyere, is one of the most active developers on the Romanian market, with completed or ongoing projects in Bucharest, Cluj-Napoca and Timisoara.