Veranda shopping center, located in the
Obor area in Bucharest, attracted funding of EUR 25.5 million from
Raiffeisen Bank SA and Raiffeisen Bank International AG, that will be
used fort the project development. In this transaction, Veranda Mall was
assisted by law firms Freshfields Bruckhaus Deringer and PeliFilip,
while financing banks have been advised by the lawyers of CMS Cameron
McKenna. The credit agreement for Veranda
shopping center was completed in February 2016 in order to partly
finance the total cost for project development. Under the agreement,
it provides the opportunity to increase funding to 28.5 million
euros, while the total investment in the project is estimated to 60
million.