Speedwell, one of the most dynamic developers on the Romanian market, is joining hands with Erste Group Bank by signing a financing agreement of €27 million for the development of MIRO, an A-class office project the company is building in the northern part of Bucharest.
The construction works for MIRO started in July 2020. Ever since their kick-off, the activity on the site has continued at a fast pace. The office building is going to be delivered and the first tenants are going to move in at the end of this year.
Currently, approximately 65 percent of the office space has been leased to various companies.
“We are happy to announce a financial agreement has been signed with the Erste Group Bank, in close local cooperation with Banca Comerciala Romana. Our projects’ success is also due to the support we are receiving from our partners. The case of MIRO makes no exception. This is a partnership we can all be proud of, not in the least in these challenging times,” said Didier Balcaen, CEO and CO-Founder Speedwell.
MIRO will offer its tenants A-class office spaces of the highest quality on the market. The concept features an aesthetically pleasing and innovative high-end design, and it strives to create a comfortable working environment. The office building combines a 23,000 sqm leasable area spread out over 5 levels, large 4,570 sqm floor plates and 1:40 parking ratio.
Sustainability is a priority for all of Speedwell’s projects. As a result, MIRO focuses on sustainability and energy efficiency while applying the latest technology, is designed to achieve a BREEAM Excellent rating and a WELL certification.
“Managing to negotiate and sign this agreement during the most challenging of circumstances is something we all can be very proud of. Such an achievement shows great potential for our future partnership.”, stated Mario Andrijevic, Client Executive, Erste Group Bank.
The internal legal and financial team advising on Speedwell’s side includes Speedwell’s CFO Natalia Sarpi, the internal legal team made of Simona Alecu and Alex Bumbu, assisted by Tuca, Zbarcea & Associates banking and finance team represented by Mihai Dudoiu and Sergiu Negreanu. On the lender’s side, Erste Group Bank’s internal legal team was assisted by Wolf Theiss Romania, represented by Iuliana Stoicescu and Catalin Sabau and led by Claudia Chiper.
“We are glad to have had the opportunity to support the parties in getting this new deal successfully through which is the result of working with highly qualified and motivated professionals,” said Claudia Chiper, Partner, Head of Banking and Finance practice at Wolf Theiss.