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Stratulat Albulescu Advises Niro Investment Group on Libra Bank Financing

Stratulat Albulescu Advises Niro Investment Group on Libra Bank Financing

Romania
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Stratulat Albulescu has advised the Niro Investment Group on a EUR 24 million loan from Libra Bank.

Niro Investment is a Romanian real estate and management group with over 25 years of expertise in the investment, development and asset management industry.

The funds will be used for the development of a hotel project in Expozitiei Boulevard, which will be operated by Accor Group under the Swissotel brand. The hotel is due to open in 2022 with total investment estimated at EUR 52 million.

Libra Bank was founded in 1996 and has been a part of American investment group New Century Holdings since 2003. NCH, which has been present in Romania since 1993, has invested over USD 300 million in various sectors.

The Stratulat Albulescu team was led by Partner Costin Teodorovici, supported by Managing Associate George Chiocaru.

Stratulat Albulescu did not reply to our inquiry on the matter.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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