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Home News Finance CTP & Helaba agree €54 million new loan facility

CTP & Helaba agree €54 million new loan facility

CTP and Helaba recently concluded a loan agreement totalling €54 million to be used for the refinancing of an existing portfolio of seven 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.

CTO, CFO Radek Zeman, commented, “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.”

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