Real Estate Finance | Apr 4, 2017
EUR 354 million loan for shopping centres in Central Europe
Helaba is providing a EUR 354 million loan to the CPI Property Group for the acquisition of four shopping centres in the Czech Republic and Poland. The portfolio consists of the shopping centres "Nisa" in Liberec and "Olympia Plzen" in Pilsen, the office and commercial building "Zlaty Andel" in Prague as well as the "Ogrody" in Elblag, Poland. The Czech properties are being financed in a club deal with ČSOB (Helaba 60%, CSOB 40%).
The transaction might be the region’s largest real estate deal of 2017 and is part of CPI’s purchase of eleven retail properties in the Czech Republic, Hungary, Poland and Romania from real estate funds managed by CBRE Global Investors with a total value of around EUR 650m.
Four shopping centres in the Czech Republic and Poland
|Customer:||CPI Property Group|
|Type of finance:||Long-term finance|
|Volume of finance:||EUR 354m|
|Role of Helaba:||Agent|
|Unit/department:||Real Estate Finance Central Europe|