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Clifford Chance and NNDKP Advise on Exigent Property Development EUR 57.8 Million Financing from OTP Group

Clifford Chance and NNDKP Advise on Exigent Property Development EUR 57.8 Million Financing from OTP Group

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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.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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