Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Nor Real Estate secures 21 million euro loan...

Nor Real Estate secures 21 million euro loan from OTP Bank Romania

August 8, 2024

OTP Bank Romania has concluded a 21 million euro financing agreement with Nor Real Estate, part of Atenor, for the development and administration of @Expo project phase 1 (B1/B2), a top office building located in the Expozi?iei area of Bucharest.   The @Expo project, spanning a leasable area of 48,688 sq m, offers high-quality office spaces designed for companies seeking modern and sustainable solutions. This innovative real estate project brings a fresh perspective to Bucharest’s office building landscape.   “At OTP Bank Romania, we support sustainable development and the real estate sector. The financing of the @Expo project not only reflects our commitment to supporting sustainable initiatives but also our desire to actively contribute to the economic and urban development of Bucharest. By financing this project, OTP Bank Romania is contributing to the development of a modern and sustainable real estate market that meets current environmental and energy efficiency requirements”, said Roxana Hidan, Deputy General Manager and Business Division Coordinator, OTP Bank Romania.   “We believe in the potential of the real estate market and we are pleased to partner with a prestigious international developer like Atenor Group, together contributing to the development of an innovative and energy-efficient business centre that meets the current needs of the capital’s real estate market. The @Expo project reflects our commitment to sustainable projects, and we are proud to contribute to this positive evolution for the business community in Romania”, said Alexandru Neagu, Large Corporate Director, OTP Bank Romania.   The real estate project is supported by Atenor, a European company with extensive experience in large-scale urban development, focusing on creating environmentally sustainable residential and modern office spaces. Active in Central Europe since the early 2000s, Atenor is recognized for its significant contributions to urban improvement and is exploring opportunities for additional new residential projects in the near future.   “We would like to thank OTP Bank for seeing the real potential of @Expo office building. With its high institutional standards, featuring cutting-edge and green technologies, @Expo is ready to meet the needs of a new generation of tenants. The new subway line which is under construction will really boost the area already  well located in between the City Center and the North part of Bucharest”, said Viorel Lacatus, Country Director, Atenor Romania.   “It has been a journey between two new partners and I am genuinely pleased with the outcome. I would like to extend my gratitude to OTP for their tremendous efforts in facilitating this transaction in such a complex environment. Your pragmatic approach in achieving the closing was greatly appreciated,” said Michael Dieu, Group Treasury, Banking & Cash Management.

The text of this article has been partially taken from the publication:
http://actmedia.eu/companies/nor-real-estate-secures-21-million-euro-loan-from-otp-bank-romania/109393
Read in full - click here
Romania’s former presidential candidate Călin Georgescu rejects coup attempt charges, compares indictment to Trump case

Romania’s former presidential candidate Călin Georgescu, indicted for complicity in an attempted coup and spreading false information, compared his case to that of US president Donald Trump, calling the indictment “a speech” and “a carbon copy” of Trump’s 2016 legal troubles,

ASSIST Software pioneers EdTech AI for inclusive education

ASSIST Software, one of Romania's most innovative technology companies, plays a central role in transforming European education through EdTech programs such as IDEATE – the Inclusive Digital Education and Teacher Empowerment Academy. The IDEATE project, funded by the Erasmus+ Teacher Academies program, officially launched this year in Suceava and unites leading universities, teacher training centers, […]

LONGi and Enexus consolidate partnership with 300 MW module supply for Romanian PV projects

LONGi Solar Technology, a global leader in solar photovoltaic (PV) products and solutions, today proudly announced a significant strategic partnership with Enexus, a dynamic and investor focused EPC company specializing in the rapid execution of mid to large-scale PV projects. This landmark collaboration will see LONGi supply 300 MW of its high-efficiency Hi-MO 7 series […]

Sekura Cabins opens EUR 1.8 mln factory in central Romania, first outside Denmark

Sekura Cabins Group, a leading European producer of modular cabin solutions for the off-highway OEM industry, has inaugurated a new EUR 1.8 million manufacturing facility in Brașov, central Romania. This is the company’s first site outside Denmark, part of its strategy to boost capacity and strengthen the European supply chain. The factory, located in VGP […]

Nine bids submitted to design new terminal at Bucharest’s Henri Coandă Airport

Nine major engineering consortia have submitted bids to design and provide technical assistance for the new terminal at Bucharest’s Henri Coandă International Airport, in what officials describe as “the largest and most complex” airport infrastructure project in Romania. Among the companies and consortia competing for the contract are Dar Al-Handasah, Electroproiect, Consis Proiect, Eurocerad International, […]

Romanian leading tour operator Christian Tour to IPO in Q1 of 2026

One of Romania’s largest travel agencies, Christian Tour, is set to be listed on the Bucharest Stock Exchange (BVB) in the first quarter of 2026. It will be the first tour operator in Romania that is publicly traded.  The company has been preparing to go public for the last five years by adhering to international […]