CTP and Erste Group sign EUR 110 million deal for CTPark Modrice
CTP and long-term business partner Erste Group have signed a EUR 110 million syndicated loan for the financing of CTPark Modřice - a premium business park with total lettable area of 200,000 m2. Česká spořitelna acted as an agent in the deal and legal administration of the cooperation was executed by Dentons. Over 15 years of cooperation, CTP and Erste Group have signed deals worth a total of EUR 750 million for various A-class business properties across Central Europe.
Radek Zeman, CTP CFO states: “Erste Group is a long-term, reliable financing partner for CTP and we greatly value their support, both here in the Czech Republic and abroad. The EUR 400 milion milestone is a clear indicaton of confidence in our partnership and future cooperation.“
Richard Wilkinson, Head of Commercial Real Estate division of Erste Group, says: „As one of the leading real estate financial providers in the region we are pleased to offer to CTP our custom-made solutions and to continue our successful long-term cooperation.“
CTPark Modřice is strategically located 5km south of Brno on the E461 roadway to Vienna. The business park benefits from its direct road connection as well as on-site public transport facilitating access to Brno’s educated labour pool. The Park is a proven success as the first full-service park in the CTPark Network.