A BANKING CONSORTIUM LED BY BRD, WITH THE PARTICIPATION OF UNICREDIT BANK AND GARANTI BBVA ROMANIA, GRANTS NE PROPERTY BV, PART OF THE NEPI ROCKCASTLE GROUP, A SUSTAINABILITY-LINKED LOAN OF EUR 190 MILLION

Press Release

Bucharest, June 30, 2025

A banking consortium led by BRD, alongside UniCredit Bank S.A. and Garanti BBVA Romania, has granted NE Property BV, part of the NEPI Rockcastle group, a revolving credit facility linked to sustainability objectives in the amount of EUR 190 million. This innovative financing, structured as a three-year “club loan” with the possibility of a two-year extension, represents one of the most significant sustainability-linked loans in the commercial real estate (CRE) sector in Romania in 2025.

Financing for a Greener Future

The loan, coordinated by BRD as mandated lead arranger, lender, sustainability structuring bank and facility agent, is based on NEPI Rockcastle’s Sustainable Finance Framework, validated by a Second Party Opinion issued by Standard & Poor’s.

The amounts committed by the three lenders are EUR 100 million from BRD Groupe Société Générale, EUR 50 million from UniCredit Bank S.A. and EUR 40 million from Garanti BBVA Romania.

“Granting this second syndicated sustainability-linked loan to our client NEPI Rockcastle reflects the mutual trust built over time and our shared commitment to responsible development, with care for the environment, climate and communities. We are proud to support our partners in their green transition and to strengthen our position as a benchmark in the sustainable finance market in Romania,” said Jean-Philippe Guillaume, Deputy CEO of BRD, Head of Corporate Banking.

“Through the financing granted by UniCredit Bank to the NEPI Rockcastle group, we are pleased to support an innovative business model in the real estate sector for the Romanian market and to participate in a syndicated loan structure that highlights environmental and community responsibility. Although this year has been marked by uncertainty and instability, we clearly see that such circumstances can bring opportunities, not just risks, and NEPI Rockcastle group has convinced us that it is well-prepared to manage market challenges and continue its sustainable growth strategy,” said Adrian Pârvulescu, Director of Medium Corporates at UniCredit Bank.

“This new sustainability-linked financing granted to NEPI Rockcastle marks an important step in promoting responsible investments. Garanti BBVA’s involvement in such initiatives highlights our commitment to sustainable economic development. We focus on supporting solutions that foster a modern, resource-efficient economy that is aware of its societal impact,” said Bilge Demirer, Deputy General Manager, Enterprise Banking Division, Garanti BBVA.

“This financing allows us to accelerate investments in projects that reduce our carbon footprint and contribute to building more resilient communities and a cleaner environment. We thank our banking partners for their trust and support of our sustainability strategy,” said Eliza Predoiu, CFO, NEPI Rockcastle.

The transaction was legally advised by CMS, representing the banking consortium, and Dentons, advising NEPI Rockcastle, ensuring a robust financing structure.

About BRD Groupe Société Générale

BRD - Groupe Société Générale operates a network of 358 branches. The bank’s total assets at the end of March 2025 amounted to RON 85.6 billion.
BRD is part of Societe Generale, one of Europe’s leading financial services groups and a major economic player for over 160 years. The Group has 119,000 employees in 62 countries and 26 million clients worldwide, operating across three complementary business lines that incorporate ESG offerings for all clients:

• Retail banking in France, private banking and insurance
• Global banking and investor solutions
• Mobility, international retail banking and financial services

www.brd.ro; linkedin

About UniCredit Bank S.A.

UniCredit Bank is part of UniCredit Group, a pan-European bank with a unique service offering in Italy, Germany and Central and Eastern Europe, serving over 15 million clients. In Romania, UniCredit Bank is one of the leading financial institutions, offering high-quality services and products to all customer segments.
The bank aims to keep the customer at the center of its activities, be an easy-to-work-with partner and play an active role in the communities where it operates.
Digitalization and our commitment to ESG principles are key drivers that help us deliver excellence to stakeholders and create a sustainable future for our clients, communities and employees.
www.unicredit.ro 

About Garanti BBVA Romania

Garanti BBVA Bank is part of Garanti BBVA Romania Group, alongside Garanti BBVA Leasing and Garanti BBVA Fleet Management, which complement the bank’s offering with leasing products and fleet management services. In 2023, the bank celebrated 25 years of active presence in the Romanian banking system.
Garanti BBVA Romania is owned by Garanti BBVA, the second-largest private bank in Turkey by assets, with the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA) as its majority shareholder.
For more information and updates, please visit: www.garantibbva.ro and follow

 

• facebook.com/GarantiBBVARomania

• https://www.instagram.com/garantibbva_romania/

• linkedin.com/company/garanti-bbva-romania

• youtube.com/c/GarantiBBVARomania

About NEPI Rockcastle: A Leader in Sustainable Retail Real Estate

NEPI Rockcastle is the leading owner and operator of shopping centers in Central and Eastern Europe, with a presence in eight countries and an investment property portfolio valued at EUR 7.9 billion at the end of December 2024.
NEPI Rockcastle owns and operates 57 shopping centers that attracted over 347 million visits in 2024 (337 million in 2023). With centralized tenant relationship management and a focus on cross-border collaboration, the Group is the main strategic partner for major retailers targeting Central and Eastern European markets.