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CTP and Raiffeisen sign EUR 122 million deal

02

07

2015

CTP and long-term bank partner, Raiffeisenlandesbank Niederösterreich-Wien, have signed a loan agreement worth EUR 122 million for the refinancing and purchase of a number of properties for the award-winning CTPark Network.

Radek Zeman, CTP CFO, states: “We are pleased to continue our long-term partnership and cooperation with Raiffeisenlandesbank Niederösterreich-Wien. Our cooperation dates back to 2007 and we are looking forward to working more closely with our good partners in the future.”

In 2014/2015, CTP took advantage of positive market conditions and refinanced approximately 60% of its portfolio. CTP continues to deepen relationships with bank partners to support company growth through 2015.

The EUR 122 million facility has a 7 year maturity and will be used to finance the extension and improvement of existing key parks in the CTPark Network, specifically CTPark Brno, CTPark Ostrava, and CTPark Plzeň.