NLB Komercijalna Banka Secures EUR 45.5 Million Refinancing for Crowne Plaza Belgrade
Deal News | Feb 05, 2025 | CEE Legal Matters
ZSP Legal Advisors have provided legal services to NLB Komercijalna Banka regarding a EUR 45.5 million facility aimed at refinancing Crowne Plaza Belgrade, owned by Delta Real Estate. This indicates NLB's commitment to substantial financial engagements in Serbia's hospitality sector, particularly in supporting one of Belgrade's most prominent hotels. The significant loan highlights Delta Real Estate’s strategic refinancing activity to potentially leverage further growth in its real estate portfolio. The legal team from ZSP was led by Partner Jelisaveta Stanisic, assisted by Senior Associate Tijana Trivunovic, ensuring compliant execution of this financial endeavor.
Sectors
- Financial Services
- Real Estate
- Legal Services
Geography
- Serbia – The refinancing activity involves Crowne Plaza in Belgrade, and NLB Komercijalna Banka operates in this region.
Industry
- Financial Services – Relevant due to the involvement of NLB Komercijalna Banka providing a substantial financial facility.
- Real Estate – Pertinent as the refinancing is for Crowne Plaza Belgrade, operated by Delta Real Estate, a major entity in the real estate sector.
- Legal Services – Engagement by ZSP Advisors to secure the legal aspects of the refinancing arrangement.
Financials
- EUR 45.5 million – The amount provided by NLB Komercijalna Banka for refinancing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NLB Komercijalna Banka | Financier | Company | NLB Komercijalna Banka is the bank providing the EUR 45.5 million facility for the refinancing purpose. |
| Delta Real Estate | Borrower | Company | Delta Real Estate is the company receiving the refinancing loan for Crowne Plaza Belgrade. |
| ZSP | Legal Advisor | Company | ZSP provided legal advisory services to NLB Komercijalna Banka for the refinancing deal. |
| Jelisaveta Stanisic | Partner | Person | Partner at ZSP involved in advising NLB Komercijalna Banka. |
| Tijana Trivunovic | Senior Associate | Person | Senior Associate at ZSP assisting in the legal advisement for the transaction. |