Business Forum • 26 February, 2026 at 1:16 PM
CEC Bank has provided €36 million financing to Veranda Obor, owner of Veranda Mall shopping centre. The facility will refinance existing exposure, support development plans and enable capital distributions to shareholders.
The new financing follows solid operational performance in the post-pandemic period, with Veranda Mall maintaining nearly 100% occupancy throughout this time. The shopping centre has sustained stable cash flow despite pressures on consumption and operating costs.
"This refinancing was obtained under competitive conditions after receiving multiple market offers, highlighting Veranda Mall's quality in the current economic context," said Alexandru Duduman, CFO Veranda Mall. "We believe it's the right time for shareholders to benefit from the shopping centre's performance through the share buyback programme this credit facility supports."
Positioned as an urban proximity mall serving the daily needs of the Obor community, Veranda Mall's tenant structure focuses on essential retail and recurring services. This positioning has contributed to consistently growing footfall and stable cash flow throughout different economic cycles. Retailers reported sales growth exceeding 5% in 2025, with company revenues from space leasing on an upward trend and estimated turnover for 2025 exceeding RON 50 million (around €10 million), up over 10% year-on-year.
The new financing consolidates this relationship and creates a framework for capital distributions to shareholders, marking a new stage in the asset's lifecycle typical of projects that have achieved high operational and financial stability.