Tatra banka : arranged a €278 million syndicated facility for CTP Group

Tatra banka arranged a €278 million syndicated facility for CTP Group

Autor: Simona Miklošovičová, hovorkyňa | 24.05.2024 | 2 min. čítania

The syndicated facility, provided by a group of banks arranged by Tatra banka ("the Bank"), is intended to refinance logistics and industrial buildings across Slovakia for CTP, Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area.

One of the largest real estate transactions in Slovakia in recent times

The banking sector, like many others, is striving to gradually reduce its carbon footprint. Therefore, when assessing financing, the Bank considers not only the economic aspect but also the sustainability of the financed projects. This is particularly important in the Real Estate sector, which has a significant carbon footprint.

Tatra banka, a key player in corporate finance, has been successfully working with CTP for several years. This long-term partnership with the leading European owner, developer and manager logistics and industrial business parks has now been further strengthened with a syndicated loan of €278 million.

The Bank participated in this transaction, which is one of the largest real estate transactions in the Slovakian market, in cooperation with Austrian banking partners Raiffeisenlandesbank Niederösterreich-Wien AG and Raiffeisenlandesbank Oberösterreich AG. Legal advice for the transaction was provided by the law offices of Dentons and White & Case.

The refinancing of over 35 logistics and industrial buildings allows CTP to free up capital and reinvest in new developments. CTP's portfolio is both BREEAM and EPC certified, a testament to its sustainability ambitions.

"We greatly appreciate the trust shown by the client. We consider this transaction to be a milestone in terms of volume and comprehensive syndicated financing standards. It also represents a significant step towards reducing the overall carbon footprint of the client's activities, and we are pleased to support the client in these endeavors," says Zuzana Koštialová, Member of the Board responsible for Corporate and Private Banking and Capital Markets.

"We have a long-standing relationship with Tatra banka and value the cooperation. Their backing is a testament to our robust business strategy and track record in the CEE industrial and logistics market. CTP has long been a pioneer in the development of sustainable industrial and logistics space, which is appreciated by our banking partners. The syndicated loan allows us to free up capital and reinvest in new sustainable developments to realize our ambitious expansion plans," said Richard Wilkinson, CTP`s Chief Financial Officer.

About CTP
CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 12.0 million sqm of GLA across 10 countries as at 31 March 2024. CTP certifies all new buildings to BREEAM Very good or better and earned a 'Low-Risk' ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website: www.ctp.eu.

Media contact:
Simona Miklošovičová, Spokeperson, [email protected], 0903 641 846 Back