Clifford Chance has advised Exigent Property Investment on its EUR 57.8 million financing agreement with OTP Bank Romania and OTP Plc. Nestor Nestor Diculescu Kingston Petersen advised OTP Bank.
"In order to support the VAT in the same project, OTP Bank Romania has also granted a RON 50 million financing line," an OTP Bank press statement announced.
Exigent Property Investment is a Bucharest-based real estate developer. According to Clifford Chance, "the funds will be used for the development of the 5th phase of the Exigent Plaza Residence complex, in the Militari district (Bucharest)."
The Clifford Chance team included Partner Madalina Rachieru-Postolache, Senior Associate Madalina Mailat, and Lawyer Dana Mirea.
NNDKP's team included Partner Valentin Voinescu, Senior Associate Alexandru Ciambur, and Associate Catalina Dan.