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, 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