Real estate developer Speedwell says it has refinanced a loan granted by BRD Société Générale after the completion of Cluj-based Record Park Offices.
The company has fully refinanced the initial loan of €12.1 million granted in 2018, now reaching €22 million.
Speedwell has developed 15,000 sqm of office and retail spaces as part of mixed-use project Record Park. The scheme also includes 238 apartments as well as co-working spaces and facilities for residents and tenants.
Construction works for the offices in Record Park were completed at the end of 2020 and the spaces have been leased to companies of the likes of MHP Porsche and COS.
“We are looking forward to extending our portfolio with similar projects,” says Didier Balcaen, CEO and Co-Founder Speedwell.
Law firm Reff & Associates assisted Speedwell on the refinancing deal, while BRD got Tuca, Zbarcea & Associates.
The company has planned or ongoing residential, office and mixed-use investments in Bucharest, Timișoara and Râmnicu-Vâlcea.
