CTP secures €403.5 million refinancing from Aareal Bank
Aareal Bank has arranged and underwritten the refinancing of two logistics and industrial parks in premium locations in the Czech Republic on behalf of CTP. Aareal Bank acted as Mandated Lead Arranger, Sole Lender as well as Facility and Security Agent. The facility comprises a total commitment of approximately € 403.5 million with a loan term of 10 years. CTP will use the loan proceeds to refinance the two premium logistics parks comprising 32 properties in total. The parks are located in Bor (near the Czech-German border) and near Brno, the country’s second-largest city. “I am very pleased with the cooperation with Aareal Bank on this refinancing package. The project aligns with our strategy to consolidate and diversify our lender base while improving loan terms and our overall financial stability,” commented Zdeněk Raus, Group Treasurer at CTP Czech Republic. “We are delighted that we have been able to provide this financing to CTP, a leading and innovative provider of logistics…
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