Kinstellar advises on CPI Europe refinancing in Bucharest

Business Forum
Kinstellar has advised Raiffeisen Bank International AG and Raiffeisen Bank S.A. as lenders on the refinancing of CPI Europe's portfolio of four office buildings in Bucharest. The transaction involved a financing and security package requiring coordinated legal advice across four jurisdictions.

CPI Europe is a publicly listed European real estate group based in Vienna, with a property portfolio of 355 assets carrying a value of more than €8.5 billion. The company focuses on office, retail and residential properties across ten European markets.

The refinancing supports CPI Europe's continued management of its Bucharest office portfolio and reflects the cross-border nature of major real estate financing transactions in the CEE region.

Kinstellar's Bucharest team coordinated the transaction and related cross-border workstreams through signing and closing. The Romanian team advised on financing documentation, the security package, corporate and closing matters, and title and property-related aspects. The Vienna team provided Austrian law advice in connection with the Austrian entities and related transaction documentation.

The Romanian team included Magdalena Raducanu (Partner), Alexandra Sofineti (Senior Associate) and Ioana Moldoveanu (Junior Associate) on financing aspects, and Victor Constantinescu (Partner) and Iunia Nagy (Managing Associate) on title and property matters. The Austrian team comprised Laurenz Liedermann (Partner) and Anna Itkin (Associate).

RECOMMENDED
UNIQA Real Estate launches office fund targeting CEE
Real estate

UNIQA Real Estate launches office fund targeting CEE

UNIQA Real Estate Management GmbH is launching the UQA Real Estate Fund, a closed-ended real estate fund for institutional investors. The fund will invest in Core and Core Plus office properties across Europe, with a geographic focus on Austria, Poland and the Czech Republic. The move represents a further step in UNIQA Real Estate's opening of its investment and management platform, previously dedicated to the UNIQA Group, to third-party investors.

Cerberus and Revetas secure €123 million refinancing in Bucharest
Real estate

Cerberus and Revetas secure €123 million refinancing in Bucharest

Deutsche Pfandbriefbank AG (pbb) has underwritten a €123 million investment facility on behalf of funds and accounts managed by Cerberus Capital Management and Revetas Capital to refinance th Radisson Blu Hotel Complex in central Bucharest. pbb acted as arranger and sole lender under the facility.

MLP Group achieves record leasing in 2025
Real estate

MLP Group achieves record leasing in 2025

MLP Group reported in 2025 revenues of €99.2 million (+15% year-on-year) and net profit of €108.3 million (+25% year-on-year), while achieving a record 370,941 sqm of new and renewed lease agreements. 

RECOMMENDED FROM THE HOME PAGE
Bucharest yields remain well above Western European levels
Real estate

Bucharest yields remain well above Western European levels

Bucharest is consolidating its position within the Central and Eastern European (CEE) real estate market, combining rental growth across major asset classes with investment yields that remain well above Western European levels, according to the DNA of Real Estate Europe Q2 2026 report published by Cushman & Wakefield. Across Europe in Q2 2026, prime office rents rose 4.5% year-on-year, retail rents increased 3.0%, and logistics rents grew 2.4%, while investors remained selective as yield movements pointed to a more balanced market following the repricing cycle of recent years.

Energy

Electrica secures grid permits for 700 MWh of storage

Energy company Electrica informs investors and the capital market that it has obtained the technical grid connection permits (ATR) for 17 new battery energy storage projects (BESS), with a total capacity of approximately 700 MWh.

Energy

Romanian grid operator to support peak power consumption during heatwave

Romania's national electricity transmission network operator, Transelectrica, has halted scheduled maintenance shutdowns to ensure the grid operates at maximum capacity during an ongoing extreme heatwave. The preventive measures aim to mitigate operational risks associated with severe weather conditions.