Crestyl Group has secured a €185 million medium-term refinancing package for its Dock In Office Park in Prague, jointly underwritten by Deutsche Pfandbriefbank (pbb) and Helaba. The transaction capitalises on the lenders' long-term involvement with the Prague 8 commercial development. Prior to this agreement, both pbb and Helaba successfully provided the financing for all five individual phases of the waterfront office park.
Pbb and Helaba act as Joint Lead Arrangers providing equal portions of the funding; pbb also acts as the facility and security agent for the transaction.
The office park Dock In, built between 2013 and 2022, offers an overall lesable area of around 87,600 sqm of office and retail space distributed over six floors. The space is let to well-known and internationally present tenants. The property was completed in 5 phases where Crestyl created a district along the Vltava River anchored by residential apartments including restaurants, cafés and a public park featuring a marina.
The entire project Dock In is designed in accordance with ESG principles. All office buildings feature green certifications.
