Danube Refinances Day Tower with EUR 21 Million Loan
Deal News | Jun 11, 2025 | Stratulat Albulescu
Stratulat Albulescu, a legal advisory firm, successfully advised Danube Capital Partners S.A., a real estate investment and asset management company, in securing a EUR 21 million refinancing facility for the Day Tower office building in Bucharest. The refinancing was provided by Erste Group Bank AG and Banca Comerciala Romana S.A. Stratulat Albulescu's legal team, led by Partner Cristian Vlaicu, managed the structuring, review, and negotiation of the financing documents under Romanian law. This included managing the facility agreement, subordination agreements, security documents, and corporate approvals, as well as assisting with the loan assignment to Banca Comerciala Romana and related hedging arrangements. The deal demonstrates confidence in the Bucharest office market's resilience and supports the development and repositioning of Day Tower.
Sectors
- Real Estate
- Banking & Financial Services
- Legal Services
Geography
- Romania – The property involved is located in Bucharest, Romania, and Romanian law regulated the financing.
- Central and Eastern Europe – Erste Group Bank AG operates extensively in this region, impacting financial activities in the area.
Industry
- Real Estate – The article focuses on refinancing a commercial property, indicating its relevance to the real estate industry.
- Banking & Financial Services – The involvement of Erste Group Bank and Banca Comerciala Romana S.A. shows the relevance of the banking sector in providing financial services.
- Legal Services – Stratulat Albulescu's role in structuring and negotiating legal documents highlights the importance of legal advisory services.
Financials
- EUR 21 million – The amount of the refinancing facility for the Day Tower office building.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Danube Capital Partners S.A. | Borrower | Company | A real estate investment and asset management company involved in the refinancing deal. |
| Erste Group Bank AG | Lender | Company | A major financial services provider in Central and Eastern Europe, part of the consortium providing the refinancing facility. |
| Banca Comerciala Romana S.A. | Lender | Company | A Romanian bank involved in providing the refinancing facility for the Day Tower. |
| Stratulat Albulescu | Legal Advisor | Company | The legal firm advising Danube Capital Partners on the refinancing transaction. |
| Cristian Vlaicu | Partner and Head of Banking | Person | Led the Stratulat Albulescu team advising the transaction. |
| Daiana Assoum | Managing Associate | Person | Part of the legal team from Stratulat Albulescu involved in the transaction. |
| Ana Maria Ungureanu | Associate | Person | Part of the legal team from Stratulat Albulescu involved in the transaction. |