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Dentons advises on largest real estate loan in Slovakia in recent years

Dentons’ Banking and Finance team in Bratislava has advised a club of banks led by Tatra banka (a member of the Raiffeisen Group), which teamed up with Slovenská sporiteľňa (a member of the Erste Group) and UniCredit Bank Czech Republic and Slovakia on one of the largest real estate loans in Slovakia in recent years. The €116 million loan was provided to Eurovea 2, s.r.o. and will be used to construct the extension of the Eurovea shopping centre and Pribinova X office building in Bratislava. The developer JTRE began construction work on the extension in December 2019, with phased completion expected in 2022 and 2023.

Partner Stanislava Valientová led the team, supported by Managing Counsel Jozef Buday, and associates Richard Marcinčin and Peter Panek.

“Our amazing team again successfully and smoothly carried out the whole transaction to the great satisfaction of our clients. For several years now, we’ve had the honour to be the legal advisers of the financing banks on the landmark EUROVEA project in Bratislava.  We look forward to our future cooperation,” commented Stanislava Valientová, Co-Head of Dentons’ Banking and Finance practice in Bratislava.

“I was glad to support this project to build exclusive residences and retail spaces, which will contribute to the further development of our city.” commented Jozef Buday, Co-Head of the Real estate Practice Group in Dentons Bratislava.

About Dentons

Dentons is the world’s largest law firm, connecting top-tier talent to the world’s challenges and opportunities with 20000 professionals including 12000 lawyers, in more than 200 locations, in more than 80 countries. Dentons’ polycentric and purpose-driven approach, commitment to inclusion and diversity, and award-winning client service challenge the status quo to advance client interests.

Synpulse widens circle of Partners

International management consultancy Synpulse has two new partners. The appointments are a result of strong growth in the company’s business with banks and insurers in Singapore and Hong Kong.

Synpulse has appointed Prasanna Venkatesan and Salomon Wettstein as new partners, according to a news release on Thursday. The firm also announced that Yves Roesti has joined its team of managing partners.

Roesti is based in Singapore and responsible for Synpulse’s consulting business in Asia. He studied computer science and economics at the University of Zurich and started his career at Synpulse in Zurich in 2006. Since his relocation to Singapore in 2008, he has led the expansion of Synpulse’s consulting business in Asia.

Promoting Digital Roadmaps

In 2015, he was appointed partner. Under his leadership, Synpulse grew the team in Asia to 150 consultants across three key markets – Singapore, Hong Kong and Australia. In particular, Roesti has been promoting banking operating model transformations and digital roadmaps.

Wettstein joined Synpulse in 2011. He holds a Master in Computational Science and Engineering at the Swiss Institute of Technology (ETH) in Zurich. Wettstein heads the Hong Kong office and oversees the banking practice in the Greater China region. He manages strategic business and technology transformations for clients in that region and is part of the global Operational Excellence leadership team.

Consulting Private Banks

Venkatesan also started his career at Synpulse in 2011 and is based in Singapore. He holds an MBA from the Nanyang University of Technology (NTU) in Singapore. He specializes in consulting for the private banking sector in the areas of advisory excellence, large scale transformation and leads the regulatory, risk and compliance practice in Asia.

Since its founding in 1996, Synpulse has supported banks and insurers along the entire value chain – that is from the development of strategies and their operational realization to technical implementation and handover. Synpulse stands out due to the industry expertise, passion and commitment of its more than 350 employees. The firm has offices in Zurich, Geneva, Dusseldorf, Frankfurt, Bratislava, Vienna, Singapore, Hong Kong, New York and London.