Wolf Theiss acted as legal advisor to Erste Group Bank AG and Raiffeisen Bank S.A. in their capacity as lenders of a EUR 200 million, 5-year term, secured green loan granted to NEPI Rockcastle, Romania's largest shopping centre investor and developer, for the purpose of financing two of its shopping centres in Romania: Mega Mall Bucharest and Promenada Sibiu.
Wolf Theiss' Banking & Finance team in Bucharest, led by Partner Claudia Chiper, provided legal assistance to the two financing banks behind the secured real estate green loans granted to NEPI Rockcastle, the largest investor in, and developer of, shopping centres in Central and Eastern Europe. The financing process involved negotiating, signing, and arranging the utilisation of the syndicated term facilities agreement and the related finance documents. Claudia was supported by Senior Associates Iuliana Stoicescu and Alexandru Asaftei, as well as Associate Cătălin Sabău from the Bucharest office in relation to the transactional work. Real Estate Partner Roxana Dudău and Counsel Dana Toma advised with respect to the due-diligence process related to the two shopping malls.
"We are honoured to have had the opportunity to support two leading banks such as Erste Group Bank AG and Raiffeisen Bank S.A. in granting the largest real estate green loans of 2023 so far. Working on this transaction underlines among others our support in implementing green financing deals and in building up a robust framework for such loans. We are grateful to our clients and to all the other parties involved for the opportunity to complete this successful green lending transaction”, stated Claudia Chiper, Partner and Head of the Banking & Finance practice within Bucharest office of Wolf Theiss.