On Thursday 19 th June, CTP representatives met with ING legal representatives PRK Partners in Prague to complete the final signing of a financing package of EUR 93.6 million, marking a significant milestone in their long term relationship. The deal effectively completes CTP's plan to refinance 80% its portfolio during 2013–2014.
"CTP is very pleased to deepen our mutual relationship with ING, with whom, in 2008, we agreed financing of EUR 60 Million for 8 projects," stated Radek Zeman , CTP CFO.
"ING welcomes this opportunity to extend our relationship with CTP, as their success in the market, financial stability and long term outlook are an excellent match with ING's strategy to work with strong partners in Central Europe," states Jan-Evert Post , member of the Global Management Team of ING Real Estate Finance.
CTP is a full-service property developer specialising in the design, construction and management of custom-built, premium-class business properties for lease in the Czech Republic and throughout Central Europe.
For more information on this story please contact:
Jan-Evert Post ING Real Estate Finance | Member of the Global Management Team
Email : Jan.Evert.Post@ingrealestate.com
Phone : +31 20 576 98 16
Zdeněk Raus CTP | Financial Manager
Phone: +420 724 981 306