📋 Tender Overview
Project ID: 54956
Status: Approved
Location: Romania
Business Sector: Real Estate
Notice Type: Private
Environmental Category: B
Approval Date: 30 Apr 2025
Disclosure date: 30 Apr 2025
Project Description
Provision of a senior secured loan of up to EUR 190,300,000 (out of which 180,300,000 committed and EUR 10,000,000 uncommitted) in favour of Rivus Investments SRL ("Rivus" or the "Company"), a limited liability company incorporated in Romania, to finance the development of mixed-use urban regeneration project located in Cluj-Napoca, Romania (the "Project"). The committed portion of the loan will comprise an "A Loan" portion of up to EUR 122,800,000 for the Bank's own account, and a "B Loan" portion of up to EUR 57,500,000 for the account of commercial lenders as participants. The financing is part of a larger club deal, of up to EUR 400.6 million, alongside parallel lenders.
Project Objectives
The development of the first two phases of the large-scale urban regeneration project, consisting of a commercial and entertainment center, including various retail components, consolidation and conversion of two historical buildings into a performing arts center and office space, interactive family entertainment centres and the development of infrastructure and landscaping.
