CTP and long-term financial partner SOCIÉTÉ GÉNÉRALE and KB GROUP have executed a €30 million financing deal for the building A3.2 in CTPark Brno. Building A3.2 is a BREEAM Excellent certified office campus housing an American international engineering conglomerate conducting R&D activities.
“CTP is delighted to have reached an agreement with our long-term financial partner, SOCIÉTÉ GÉNÉRALE & KB GROUP, on the financing of one of our key R&D campus buildings in the CTPark Network. We appreciate working with SOCIÉTÉ GÉNÉRALE & KB GROUP, with whom we have cooperated for many years already,” commented Radek Zeman, CTP CFO.
“It is fully in line with the Bank´s strategy to cooperate closely with a strong Czech based real estate company CTP. We have agreed on financing CTPark Brno, which is an attractive asset and thus great opportunity to develop further our business relationship,“said Iveta Ocaskova, Executive Director, Corporate Banking of KB.
CTPark Brno occupies a prime location near Brno’s city centre on the D1 motorway between Prague/Ostrava. Brno international airport and train station are just a few minutes’ drive. Direct access to Brno’s educated workforce makes it ideal for R&D and high-tech production.
Faced with the persistent weakness in the commercial real estate market, Deutsche Pfandbriefbank AG (“pbb”) has significantly increased its risk provisioning. The risk provision result for the first nine...