Romania’s One United Properties borrows 20 mln euro from BT

Romanian real estate developer One United Properties [BVB:ONE] said that it has contracted a loan worth 20 million euro ($21.4 million) from local lender Banca Transilvania [BSE:TLV], says

The company will use the many to fund the completion of One Cotroceni Park, a residential development in the capital Bucharest due for end-2023, it said in a press release.

The loan’s term is 42 months.

One Cotroceni Park is a mixed-use development which boasts housing units and office spaces. The compound boasts 868 apartments and is only the first phase of a larger project, called One Cotroceni City, the company detailed.

Read more HERE




Please enter your comment!
Please enter your name here