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Albota Law Firm Advises Nor Real Estate on EUR 21 Million Financing for @Expo

Romania
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Albota Law Firm has advised Nor Real Estate S.R.L. on a EUR 21 million loan agreement and related security package with OTP Bank Romania to support the development and leasing of Phase I (B1/B2) of the @Expo office project.

Nor Real Estate S.R.L. is an Atenor subsidiary located in Romania. Atenor is a Belgium-based urban real estate developer company listed on the Euronext Brussels market.

According to the firm, "with 48,688 square meters of lettable space, @Expo sets a new standard for sustainable and modern office environments, with a BREEAM 'Outstanding' certification and an A-rated energy performance certificate."

"This transaction comes to us as a further solid indicator of the quality that Atenor has brought about on the Romanian real estate market since 2008," commented Albota Law Firm Founder Oana Albota. "It is a great satisfaction for us to witness the success of Atenor's projects in Romania, @Expo, and UpSite, the first residential project of Atenor in Romania. We would also like to thank Atenor for their trust in us. It is a great satisfaction for us to work with an extremely experienced, strong, and professional team."

“We are very pleased to have Oana and her team with us and we appreciate the constructive solutions offered every time on the legal side," added Atenor Romania Country Director Viorel Lacatus. "We celebrate 10 years of collaboration and Oana and her team are already a part of the Atenor Romania team."

The Albota Law Firm team was coordinated by Albota and included Senior Associates Andreea Ciobanu and Ana-Maria Mincu.

Albota Law Firm at a Glance

The firm: Albota Law Firm is a boutique law firm set up in May 2014. The firm was founded by Oana Albota. Before this, Oana co-ordinated, as a partner, the real estate practice of PeliFilip, which she joined from NNDKP.

The main area of practice of the law firm is real estate and construction. It has the capabilities to assist clients in all the areas connected to a real estate project: financing, real estate permitting and regulatory, corporate commercial, litigation and arbitration.

Clients choose the firm because they appreciate the clarity of its advice, its focus on results, and the efficiency of its service and its fast reaction time, all at a very fair price.

The small size of the firm is a huge advantage as it eliminates formalism, it ensures the thorough involvement of a specialised partner in every project at the law firm, the close co-ordination of the team of lawyers and it guarantees a proper cost control.

The quality of the legal services derives from the firm’s market knowledge and excellent legal know-how.

During the last 15 years the firm’s lawyers have been involved in transactions standing as landmarks for the real estate market in Romania and in significant international construction arbitrations.

Areas of practice: The firm specialises in construction and real estate.

It is experienced in all construction sectors and in the engineering industry. It is particularly specialised in FIDIC contracts and FIDIC adjudication.

Its expertise in the real estate area includes the structuring of transactions from acquisition of real estate properties in Romania up to the exit point, planning, development, leasing and financing of real estate projects, land use, private-public partnership in real estate projects, agricultural, forestry, energy and infrastructure projects, and regulatory matters.

It offers banking and finance services, advising borrowers, funds and investors from the point of term sheet and structuring stage, through closing, trenching and securitisation, administration and restructuring.

With a solid understanding of the Romanian law and an impressive experience in corporate and commercial, it assists clients, from the very first steps of the incorporation of a company until the exit, with the company’s day-to-day business, providing all legal advice required to help them stay in full compliance with Romanian rules and regulations.

It offers clients comprehensive advice at every stage of a conflict, in all forms of dispute resolution including: litigation, arbitration, mediation, conciliation and adjudication. It provides services covering assistance in complex commercial disputes before law courts and assistance in arbitration and alternative dispute resolution.

Firm's website:

www.albota.ro