CTP and its long-term financial partner ČSOB executed a €105 million refinancing package for the successful CTPark Brno which includes a portfolio of seven properties. This agreement with long-term financial partner ČSOB is part of CTP’s ongoing efforts to leverage the favourable current market conditions.
CTP has successfully completed €300 million in refinancing in Q3 2014, which amounts to approximately 25 percent of the company’s portfolio.
“CTP is very pleased to reach agreement and extend our long-term cooperation with our trusted financial partner ČSOB, who remain committed to CTP and who recognise the value of CTP’s business plan,” commented Radek Zeman, CTP CFO.
CTP is a full-service commercial property developer specialising in the design, construction and management of custom-built, premium-class properties for lease in the Czech Republic and throughout Central Europe.