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CTP & ČSOB Sign €105 Million Refinancing Deal

Representatives from CTP finance & acquisitions team, ČSOB and the legal firm Baker & McKenzie following the signing of a €105 million refinancing package in Prague earlier this week.
Representatives from CTP finance & acquisitions team, ČSOB and the legal firm Baker & McKenzie following the signing of a €105 million refinancing package in Prague earlier this week.
 
 
CTP refinances €300 Million in Q3 2014

On Monday 1st December, CTP and its long-term financial partner ČSOB executed a €105 million refinancing package for the successful CTPark Brno which includes a portfolio of seven properties. This agreement with long-term financial partner ČSOB is part of CTP's ongoing efforts to leverage the favourable current market conditions.

CTP has successfully completed €300 Million in refinancing in Q3 2014, which amounts to approximately 25% of the company's portfolio.

“CTP is very pleased to reach agreement and extend our long-term cooperation with our trusted financial partner ČSOB, who remain committed to CTP and who recognise the value of CTP's business plan” stated Radek Zeman, CTP CFO.

CTP is a full-service commercial property developer specialising in the design, construction and management of custom-built, premium-class properties for lease in the Czech Republic and throughout Central Europe.
 

For more information on this story please contact:
 
Zdeněk Raus - CTP | Financial Manager
Email: zdenek.raus@ctp.eu
Phone: +420 724 981 306
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