Le mie ricette per la real estate communityAareal Bank has arranged and underwritten the refinancing of two logistics and industrial parks in premium locations in the Czech Republic on behalf of CTP, a privately-held property developer. 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.
Aareal Bank finances CTP’s growth strategy in a highly promising market segment
CTP, one of Europe’s top-five logistics property companies and the largest logistics property owner-developer in CEE, 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.
Source : Aareal