CTP and Unicredit Bank sign EUR 50 million deal
Leading commercial property developer, CTP, have signed a loan agreement worth EUR 50 million with UniCredit Bank Czech Republic and Slovakia to finance new acquisitions of CTP in Slovakia, a market which is increasingly interesting for the developer.
Mr. Radek Zeman, CFO of CTP, states: “We have cooperated with UniCredit Czech Republic for many years already, and I am very delighted to begin a professional relationship with the Slovak branch of the bank. Developing strong ties with bank partners is a key part of our strategy and I am happy to have signed this EUR 50 million deal with UniCredit Bank in Slovakia. We appreciate a unique business model of UniCredit, covering both countries by a single bank.”
Mr. Miroslav Štrokendl, General Manager of the Slovak Branch, UniCredit Bank states: “CTP is our important client on both markets where we operate. Our latest concluded deal in Bratislava proves our strong position and availability to provide the customer with tailored financial solutions according to its investment needs. We expect to continue our cooperation in the future in line with the planned development of CTP in Slovakia. We highly rank professionalism of CTP in development and management of industrial properties.”
The proceeds of the facility have been used for financing of the former DNV Logistics Park in Slovakia, just recently acquired by CTP and rebranded to CTPark Bratislava. The new CTPark Bratislava offers more than 87,000 m² of lettable space and lies directly adjacent to the Volkswagen manufacturing plant on the D2 highway.
To date, CTP and UniCredit Bank have signed agreements totalling approximately EUR 250 million.