Dentons advised NEPI Rockcastle on a secured, green, real estate financing of €200 million made available by Erste Group Bank AG and Raiffeisen Bank SA. NEPI Rockcastle is the largest investor and developer of shopping centers in Central and Eastern Europe. Dentons managed and coordinated the financing transaction from a legal point of view, from structuring to completion.
Partner Simona Marin, Head of the Banking and Finance practice in Bucharest, led the legal team, assisted by Banking and Finance senior associate Sandra Constantin and associate Alin Serea, Real Estate partner Bogdan Papandopol, seniorassociate Luiza Onofrei and associate Bianca Isache in Bucharest, together with Banking and Finance partner Marcel Janssen and associates Daan Overwater and Iris van Noort in Amsterdam.
The loan falls into the green financing category, meeting the criteria of making a substantial contribution to climate risk mitigation, both Mega Mall and Promenada Sibiu benefiting from the "BREEAM In-Use" sustainable certification, Excellent qualification, and Class A energy performance certificate. “Green” lending reflects NEPI Rockcastle's commitment to improving the sustainability of the group's portfolio and reducing its carbon footprint.
Eliza Predoiu, CFO of NEPI Rockcastle, said: "The €200 million green financing enhanced our liquidity position and proved once again our long-term commitment to sustainability. A big ‘thank you’ to all the parties involved, making this successful project happen."
Simona Marin stated: “Following our assistance on the €60 million green financing for Ploiesti Shopping City in December last year, it is a privilege for us to support NEPI Rockcastle in yet another flagship green financing transaction. This new deal showcases Dentons' expertise in green finance and highlights our capability in managing cross-border financing transactions in the CEE region through our Dentons office in Bucharest."