CMS has advised the European Bank for Reconstruction and Development on a EUR 120 million regional loan to AFI Europe to support its development pipeline across Serbia, Poland, Romania, and the Czech Republic.
According to CMS, the financing will enable AFI Europe to expand its portfolio of residential and commercial properties. Under the terms of the transaction, all buildings financed will pursue high-level sustainability certifications in line with the EBRD’s Green Economy Transition approach. AFI Europe has also committed, with the EBRD’s support, to implement a comprehensive Corporate Climate Governance action plan to ensure alignment with the forthcoming EU Corporate Sustainability Reporting Directive and reinforce its long-term ESG strategy.
The CMS team included Warsaw-based Partner Rafal Zakrzewski and Counsel Anna Hergottova and Bucharest-based Partner Alina Tihan and Associate Diana Dona.