FM newsroom – office, Romania. Erste Group Bank AG and its Romanian subsidiary Banca Comercială Română (BCR) have jointly extended €21 million in refinancing for the Day Tower office building in Bucharest, marking a significant investment in the resilience of Romania’s commercial real estate sector.
Strategic Investment Supports Office Market Resilience
The financing facility was granted to Danube Capital Partners S.A., with the transaction supported by legal advisers from Wolf Theiss (for the lenders) and SAA (for Danube Capital Partners). The move is aimed at supporting the long-term development and repositioning of the Day Tower property.
Located at the junction of Unirii Boulevard and Mircea Voda Street, just a five-minute walk from Unirii Square metro station, Day Tower is a Class A office building offering tenants premium workspace in one of Bucharest’s most central business hubs. Completed in 2018, the building encompasses 11,753 square meters of built space, spread over eight stories, with an additional four-level underground car park.
Legal Teams Enable Smooth Transaction Closing
According to law firm SAA, the refinancing deal reflects a continuing vote of confidence in the Romanian office market. This sentiment was echoed by Wolf Theiss, which advised on all aspects of the transaction, including structuring, documentation, and negotiation.
“We are pleased to have advised Erste Group Bank AG and Banca Comercială Română S.A. on this important refinancing transaction. It was an opportunity to contribute our legal expertise to support the project’s ongoing development and long-term success,” said Claudia Chiper, Partner at Wolf Theiss.
Nikša Markovac, Head of Commercial Real Estate International at Erste Group Bank, praised the legal team’s “professionalism, thoroughness, and rapid response” throughout the process.
This refinancing supports Day Tower’s strategic repositioning and underscores the commitment of institutional investors to strengthening Bucharest’s core office infrastructure.
