Erste Group Backs Bucharest's Day Tower with €21M Financing
Deal News | Jun 04, 2025 | CEE Legal Matters
In a significant move for Romania's real estate and lending market, Erste Group Bank and Banca Comerciala Romana have rolled out a €21 million financing facility to Danube Capital Partners, aimed at the Day Tower office building in Bucharest. Legal guidance for this transaction was provided by Wolf Theiss for the financiers and Stratulat Albulescu for Danube Capital Partners. The Day Tower stands as a notable office development project in the region. Key members involved from Wolf Theiss were Partner Claudia Chiper and Senior Associate Iuliana Stoicescu, while the Stratulat Albulescu team included Partner Cristian Vlaicu, Managing Associate Daiana Assoum, and Associate Ana Maria Ungureanu.
Sectors
- Real Estate
- Financial Services
- Legal Services
Geography
- Romania – The transaction revolves around an office development in Bucharest, Romania, highlighting its geographical relevance.
Industry
- Real Estate – The article discusses a significant financing transaction for the Day Tower office building project in Bucharest, highlighting the real estate development aspect.
- Financial Services – The involvement of Erste Group Bank and Banca Comerciala Romana in providing a financing facility links the article to the financial services sector.
- Legal Services – Legal advisory services are crucial to the transaction, with Wolf Theiss and Stratulat Albulescu providing guidance to the involved parties.
Financials
- EUR 21 million – The total amount of financing extended to Danube Capital Partners for the Day Tower office building.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Erste Group Bank | Financier | Company | Worked together with Banca Comerciala Romana to provide financing for the Day Tower project. |
| Banca Comerciala Romana | Financier | Company | Collaborated with Erste Group to extend a financing facility to Danube Capital Partners. |
| Danube Capital Partners | Developer | Company | Recipient of the €21 million financing for the Day Tower office building. |
| Wolf Theiss | Legal Advisor | Company | Provided legal advice to Erste Group Bank and Banca Comerciala Romana. |
| Stratulat Albulescu | Legal Advisor | Company | Advised Danube Capital Partners on the financing transaction. |
| Claudia Chiper | Partner at Wolf Theiss | Person | Key legal advisor for Wolf Theiss team in the transaction. |
| Iuliana Stoicescu | Senior Associate at Wolf Theiss | Person | Part of the Wolf Theiss legal team advising on the deal. |
| Cristian Vlaicu | Partner at Stratulat Albulescu | Person | Key legal advisor for Stratulat Albulescu in the transaction. |
| Daiana Assoum | Managing Associate at Stratulat Albulescu | Person | Part of the Stratulat Albulescu legal team advising on the deal. |
| Ana Maria Ungureanu | Associate at Stratulat Albulescu | Person | Contributed to the legal advisory for Danube Capital Partners. |