The new financing follows a solid post-pandemic operational performance, as the shopping center consolidated its market position despite continued pressure on consumption and operating costs. Veranda Mall has maintained, and continues to report, an occupancy rate close to 100%, supporting stable revenues and tenant demand.
“We particularly appreciate the strong collaboration with CEC Bank, a strategic partner that has supported us since 2018, including during the extension and modernisation phase. The fact that this refinancing was secured under highly competitive conditions, following multiple offers from the market, underlines the quality of the Veranda Mall project in the current economic context. At the same time, we consider this the right moment for shareholders to benefit from the center’s strong performance, through the share buyback program supported by this credit facility,” said Alexandru Duduman, CFO of Veranda Mall.
Positioned as an urban proximity mall anchored in the daily needs of the Obor community, with a tenant mix focused on essential retail and recurring services, the project has recorded a steadily rising traffic trend and resilient cash flow across different economic cycles.
“Veranda Mall has delivered remarkable performance in recent years, with financial results that confirm the strength of the urban proximity mall concept. We are pleased to continue supporting this project through financing that strengthens its long-term development and marks a new stage of maturity. CEC Bank remains committed to viable projects capable of delivering sustainable value to the communities they serve,” said Adrian Musat, Director, Large Corporate Clients Division, CEC Bank.
Retailers at Veranda Mall reported sales growth of over 5% in 2025. At company level, rental income is also on an upward trend, with estimated turnover for 2025 exceeding RON50 million, up more than 10% year-on-year.
CEC Bank has partnered with the project since 2018, when it supported the mall’s extension and modernisation. The new facility strengthens this relationship and, beyond refinancing, provides a framework for capital distributions, reflecting the asset’s operational and financial stability. Part of the financing will also fund further investments aimed at enhancing the property and supporting the long-term development of the local community.