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Dentons Advises on Prime Kapital’s Commercial Real Estate Assets Financing

Dentons Advises on Prime Kapital’s Commercial Real Estate Assets Financing

Romania
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Dentons has advised a consortium of banks, consisting of Raiffeisen Bank, Alpha Bank Romania, Raiffeisen Bank International, and Alpha Bank, on EUR 125 million green loan facility for Prime Kapital’s six commercial real estate assets.

Prime Kapital is a real estate developer, investor, and operator, focusing on central and eastern Europe.

"The multi-tranche facility will be available on a project finance basis for Prime Kapital’s five new commercial retail properties in Romania and for a sixth property that is currently under development," Dentons informed. "The properties include Prime Kapital’s new Zalau Value Centre, Dambovita Mall (in Targoviste), Sepsi Value Centre (in Sfantu Gheorghe), Barlad Value Centre, Prahova Value Centre (in Ploiesti) as well as the retail mall project under construction in Alba Iulia. This green facility complements other lines of committed long-term capital earmarked by Prime Kapital for the financing of its considerably secured development pipeline."

The Dentons team included Managing partner Perry Zizzi, Partner Simona Marin, Counsel Oana Ionascu, Senior Associate Luiza Onofrei, and Associates Cristina Staicu and Alin Serea.

Dentons did not respond to our inquiry on the matter.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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