CTP & Helaba Agree 54mil EUR New Facility
CTP and Helaba concluded a loan agreement totalling EUR 54 Million to be used for the refinancing of an existing portfolio of 7 buildings in the CTPark Network in Brno, Ostrava, Jihlava as well as in Prague. In addition, this new financing will cover a production facility extension currently under construction at CTPark Ostrava, which is due for handover in March 2014.
CFO Radek Zeman stated, “We are pleased to work with Helaba, which is a strong financial partner and the first bank from Germany to finance CTP. We trust that the mutual co-operation of CTP and Helaba, beginning this year, will result in a long and successful relationship with a long term focus.”
Michael Kröger, Head of International RE Finance commented, “Helaba values the relationship with CTP as a leading and highly experienced investor in the region.”
Helaba is a German Landesbank with a long term business strategy and Real Estate is an important part of it, with financing commercial property in Germany, Europe and the US. In Central Europe, the bank provides investment financing and structured financing for international investors and funds in the Czech Republic, Slvoakia and Poland.