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Biris Goran Assists Adval in Restructuring and Refinancing of Cascade Offices

Biris Goran Assists Adval in Restructuring and Refinancing of Cascade Offices


Biris Goran has announced that it has advised Romanian property manager Adval Asset Management on the successful restructuring and refinancing of the Cascade Office building in Bucharest.

Biris Goran describes Cascade Office as "a fully let modern office building of approximately 4,200 square meters lettable area, located on Buzesti Street, in a major Bucharest business district."

Biris Goran assisted on all matters in the transaction with Banca Transilvania, valued over EUR 6 million, including financing, security, and due diligence matters. The firm’s team was led by Senior Associate Mariana Signeanu, who commented that: "The transaction is a vindication of our client’s business model and efforts and determination, so we are delighted to help them."

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