SAA has advised Danube Capital Partners S.A., a real estate investment and asset management company, on the EUR 21 million facility granted by Erste Group Bank AG and Banca Comerciala Romana S.A. for the refinancing of Day Tower office building located in central Bucharest.

SAA advised on the structuring, review, and negotiation of the Romanian law-governed financing documents, including the facility agreement, subordination agreement, security documents, and corporate approvals. The team also assisted with the loan assignment to Banca Comerciala Romana S.A. and the related hedging arrangements.

The transaction supports the long-term development and repositioning of the property and reflects ongoing confidence in the resilience of the Romanian office market.

Erste Group Bank AG, founded in 1819 as Austria’s first savings bank, is today one of the largest financial services providers in Central and Eastern Europe. The group serves over 16.6 million clients in 1,889 branches across seven countries, with a team of over 45,000 employees.

The SAA team advising on the deal was led by Partner and Head of Banking Cristian Vlaicu and also included Managing Associate Daiana Assoum and Associate Ana Maria Ungureanu.

For further information, please contact Delia Bijnea (Head of Marketing and Communications) at [email protected].