Alpha Bank provides €175m in loans for M Core companies

Alpha Bank Greece, its Luxembourg subsidiary, and Alpha Bank Romania have secured four financing deals totaling nearly €175 mln for companies of UK property investor M Core in Romania.

Focsani Mall

These transactions cover real estate, retail, development, and acquisition financing.
The financing includes two loan facilities for the development of a portfolio of retail centers across Romania.
Alpha Bank also financed M Core's acquisition of a portfolio of seven fully leased strip malls from MAS in the Romanian cities of Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș, and Gheorgheni, totaling approximately 32,000 m2 of leasable area.
Additionally, the financing supported the acquisition of Focsani Shopping Centre and Suceava Shopping City, two key retail properties in northeastern Romania with a combined leasable area of about 88,100 m2.
Dentons advised Alpha Bank Greece, its Luxembourg subsidiary, and Alpha Bank Romania on the financing transactions.
Dentons banking and finance partner Simona Marin commented: "We are happy to continue our longstanding partnership with Alpha Bank by advising on these significant financing facilities, which underscore the bank’s commitment to supporting Romania’s dynamic commercial real estate sector."