Prime and reserved office scheme in central Bucharest (1008)

Our client, one of the top three land-owners in Bucharest, requires senior debt and mezzanine funding to construct this prestigious commercial development scheme. The concept is fully supported by DTZ’s local office and has been partially reserved by a blue-chip covenant. The purchase of the site is subject to planning - expected in January 2009. An initial requirement of €55m to purchase the site will be followed by a requirement for development finance in due course.

Key Points

• Very credible and well-known international developer
• Partially reserved office scheme in superb location
• Profitable development at 53% return/cost
• Competitive mezz return on offer
• Use in line with DTZ feasibility study
• Requirement from January/February 2009

Requirement

Contact Details

Please contact James Thomlinson or Bernard Frazer on 0845 210 5000 to discuss further or by email at james@redchilli.com or bernard@redchilli.com

Related

• Commercial Property Finance for Investment and Development Projects Snapshot
• Raising 100% Development Finance
• The Re-emergence of Mezzanine Finance in the Property Industry
• Residential tower with pre sales close to Olympic village (1097)
• Residential Development Funding QT4 2009 Outlook