JLL secured €30 mln financing for Hermes Business Campus (RO)

JLL has successfully secured financing of €30 mln for Hermes Business Campus from one of the most dynamic and innovative banks on the local market, on behalf of Atenor Group, the developer of the office project.
Silviana Badea, Head of Capital Markets of JLL in Romania stated: “In order to better serve our clients with a presence in Romania we have extended our Capital Markets services to include Debt Advisory. We manage on behalf of developers and investors the debt arrangement and due diligence processes and create competitive tension between potential lenders."
Hermes Business Campus is located in Dimitrie Pompeiu, adjacent to the city’s new Central Business District (“CBD”) and represents an office complex (three buildings) designed to be built in phases, with an area of up to 75,000 m² of offices. The first phase of the project was completed in Q1 2014 and has been 100% leased. Among the major tenants we mention: Idea Bank (RIB), Lavalin, Luxoft, DB Schenker, e-Value, Xerox and the Embassy of the Kingdom of Netherlands. The second phase of the project will be delivered in Q1 2016 and has already secured lease agreements.
Source: JLL Romania