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CMS advises AFI on EUR 537m refinancing of three major real estate projects in Romania
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Lawyers Week
CMS advises AFI on EUR 537m refinancing of three major real estate projects in RomaniaCMS has advised AFI in securing a refinancing package worth EUR 537m for three major assets in its portfolio –AFI Cotroceni, AFI Ploiesti, and AFI Brasov.
CMS provided comprehensive legal assistance on all aspects of the transaction, negotiation of the financing documentation and support through to closing.
Through this refinancing, AFI optimised the financing structure for its main shopping centres in Romania, strengthening its position on the local market and securing resources for future developments.
The transaction reflects the continued confidence of investors and financial institutions in the potential of the Romanian real estate market.
Bianca Stamatoiu, Head of Legal, AFI, says: “The successful refinancing of AFI’s main shopping centers in Romania represents an important milestone for the company’s portfolio.