The residential buildings, part of the PALTIM project, are located on the shore of the Bega River and will have studio flats and two, three and four-room apartments.
The Paltim complex will also include an office building.
The loans were structured by BRD in accordance with the LMA Green Loans principles and the provisions of the EU taxonomy criteria for substantial contribution to climate change mitigation, applicable to this type of developments.
Law firm Kinstellar advised BRD on the due diligence process and through all stages of preparing, negotiating, signing and concluding the financial transaction in relation with the loan documentation. The Kinstellar team was led by Magdalena Raducanu (Special Counsel and Head of Banking).
Colliers International assisted BRD in verifying the alignment to EU taxonomy criteria. The Banking & Finance team of law firm Wolf Theiss, led by Claudia Chiper (Partner) and Simona Alecu (External Legal Advisor), advised Speedwell on the transaction, under the coordination of Natalia Sarpi, CFO.