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Țuca Zbârcea & Asociații advises on EUR 29.5 million credit facility for a Weerts Group company

12 Decembrie 2024 | BizLawyer

Unirii View SRL, a Weerts Group company and developer of the Unirii View Tower office building in Bucharest, has secured a EUR 29.5 million credit facility from Banca Comercială Română (BCR).

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Țuca Zbârcea & Asociații provided legal assistance to Unirii View SRL in obtaining a financing from Banca Comercială Română (BCR). The credit facility, amounting to EUR 29.5 million, will be used to refinance a previous loan for the development of the Unirii View office tower.

Unirii View SRL, the owner of Unirii View Tower, is part of the Weerts Group, one of the oldest property developers in Romania, founded by Belgian investor Yves Weerts. Inaugurated in 2018, Unirii View Tower is the tallest office building in downtown Bucharest.

The team of lawyers from Țuca Zbârcea & Asociații was led by Gabriela Anton, Partner (Banking & Finance), together with Partners Alexandra Pereș and Răzvan Gheorghiu-Testa (Real Estate), and included Cătălin Georgescu, Managing Associate (Banking & Finance), Paul Butuzar, Associate (Banking & Finance), and Ștefania Șerban, Senior Associate (Real Estate).

Țuca Zbârcea & Asociații’s lawyers assisted Unirii View SRL throughout the financing process, which covers drafting and reviewing the loan documentation, assisting with the legal due diligence by the financing bank, negotiating, signing and drawing the loan, satisfying all conditions precedent and refinancing the previous credit facility.

“We worked closely with the Unirii View SRL team on this financing project for an iconic office building in the centre of Bucharest, benefiting from the support of a multidisciplinary team of lawyers within our firm. We are delighted that this highly significant transaction was successfully completed within the timeframe agreed by the parties, further demonstrating that sustainable real estate projects can earn the trust of major financial institutions such as Banca Comercială Română (BCR)”, said Gabriela Anton, Partner at Țuca Zbârcea & Asociații and head of the firm’s banking and finance projects.

Țuca Zbârcea & Asociații is one of the largest independent law firms in Romania, providing legal assistance services in all areas of business law. It is also the top-ranked law firm in the Legal 500 EMEA directory, holding the highest position in most of the analysed practice areas. Overall, Țuca Zbârcea & Asociații is one of Romania’s leading law firms, valued by both clients and peers for its ability to deliver innovative yet practical legal solutions.