Atenor, acting through its Romanian subsidiary NGY Investment, has signed an €80m financing deal with Deutsche Pfandbrief (Pbb) and Erste Bank. This funding for a period of 5 years (2020 - 2025) covers the three buildings that make up the Hermes Business Campus real estate complex.
The scheme comprises 75,000m² of high-quality office space located just across the road from the district's main metro station and along the Dimitri Pompeiu Boulevard, north of Bucharest. Hermes Business Campus enjoys good accessibility and immediate connection to airports. A true success story, the campus welcomes prestigious tenants such as Genpact Romania, the world leader in business process operations, DB Schenker, Luxoft, Lavalin, Mondelez, etc. The development is certified 'BREAAM Excellent'.
The new credit transaction in Central Europe broadens the diversification of financing sources and maturities, a cornerstone of Atenor financing policy. Notwithstanding the economic and financial environment troubled by the health measures taken to counter the Covid-19 pandemic, the company enjoys, at the end of this refinancing and following the capital increase achieved in June 2020, appropriate financial resources to pursue its international growth strategy and the development of the projects in the portfolio. Concerning the real estate complex as an asset, Atenor maintains its intention to proceed with the sale of this asset, in accordance with its general policy.