Financed ProjectsOne Tower - Senior Secured Loan

Identification Code:

OP/19/0046

Total Operation Cost:

53.974.000

Maturity:

132 months

Operation Status:

Description and Purpose of the Operation:

Provision of a EUR 50 million senior secured loan to One United Tower S.A. to develop One Tower, a LEED-platinum certified office building in Bucharest.

Countries of Operation:

Romania (100,00 %)

Financial Product:

Loans

Sector:

Real Estate

Domain:

Private

Borrower/Client:

One United Tower S.A.

Co-Financiers/Participants:

N.A.

Guarantors/Sponsors:

One United Properties S.A. (Romania)

Developmental and Regional Cooperation Impact:

• One Tower will be LEED-Platinum v4 certified, expected to have demonstration effect for "green" real estate projects in the city. • Being developed on an abandoned former industrial site, One Tower can be regarded as an urban rejuvenation project. • The Project has multiplier effect on the local economy, as most inputs are procured locally.

Environmental Classification and Impact (summary):

The operation is screened Category B with medium risks and limited potential to generate adverse E&S impacts that are generally site- specific, largely reversible and readily addressed through mitigation measures.

Operation Leader:

General Industries, Transport, Tourism 2

E-mail:

gitt2@bstdb.org