CTP and Raiffeisenbank agree to 32,75 Mil EUR new Facility
On Thursday, June 20, CTP signed with one of its long term financial partners, Raiffeisenbank a.s. (Czech Republic), a long term facility amounting to EUR 32.75 million. The purpose of the loan is to refinance parts of CTP's current portfolio ranging from retail properties in the capital and regional cities and properties acquired from WDP in November 2012.
The new facility covers 23 properties in CTP portfolio.
"CTP is pleased at extending our cooperation with our valued partner Raiffeisenbank through this loan agreement," said Radek Zeman, CTP's CFO. "Raiffeisenbank has previously financed several of CTP investments, including production facilities and office projects. We are happy to deepen our relationship with a financial partner who values our business model and shares CTP's vision," said Zeman.