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.
In celebration of the Summer Solstice, JW Marriott Bucharest Grand Hotel hosted a signature Garden Party at Olea, as part of a global series of events inspired by the JW Garden and rooted in the spirit of each unique location. This marked the second garden gathering at Olea, following last year’s celebration of JW Marriott’s […]
The Romanian Parliament has voted to exclude lawmakers who own residential properties in Bucharest or the surrounding Ilfov county from receiving housing allowances for accommodation costs in the capital. In a plenary session on Monday, June 30, 361 members of Parliament voted in favor of the measure, while two abstained,
Cambridge School of Bucharest (CSB) has once again demonstrated its commitment to education by successfully passing its latest inspection by the Independent Schools Inspectorate (ISI), becoming the first school in Romania, and among the first international schools in the world, to do so under the newly revised British Schools Overseas (BSO) framework. This milestone solidifies […]
Bucharest’s District 6 City Hall recently unveiled images of the next phase of Liniei Park, described as the most successful urban regeneration project in Romania in the last 40 years, with an area of 9 hectares. District 6 City Hall began the development works for Liniei Park in May 2022. It is located in Militari […]
The Romanian Ministry of Health announced on Monday, June 30, that it launched the public consultation for the procurement specifications of services to implement an Integrated Information System, which will contribute to the digitalization of its activities. The estimated budget for the project is EUR 30 million. The project aims to simplify administrative procedures and […]
The Romanian government has approved several changes affecting public sector employees, reducing the monthly bonus for working in harmful or dangerous conditions from RON 1,500 to RON 300, Biziday.ro reported. The decision was made during the government meeting on Monday, June 30, and is part of broader efforts to control public spending and correct the […]
