CA Immo has tapped the Eurobond market for the first time and successfully placed a €500 million fixed rate senior unsecured benchmark bond with a 7-year maturity and an annual coupon of 0.875% on 28 January 2020. The bond will trade on the Official Market of the Vienna Stock Exchange. The international rating agency Moody’s Investors Service Ltd. has assigned an investment grade rating of Baa2 to the bond.
Speedwell is joining hands with BRD Group Société Générale by signing a financing agreement of €22.5 million for the development of Record Park, the first mixed urban regeneration project in Cluj–Napoca.
Libra Internet Bank and developer Niro Group have signed a financing agreement worth €24 million for the development of a Swissôtel hotel on Expozitiei Boulevard in northern Bucharest.
Erste&Steiermärkische Bank is providing financing for the construction of GTC’s Matrix Office Park in Zagreb, a project consisting of two highly-efficient buildings, designed and constructed in line with LEED Platinum certification for green construction. Divjak, Topic & Bahtijarevic’s Banking and Finance team has closed the financing transaction for its long-standing client, GTC.
Bright Spaces, a proptech solution developed by a Romanian start-up, has received funding of €185,000 for development and implementation. The financing was coordinated by Sparking Capital as lead investor, with Growceanu Angel Investment and angel investor Ilinca Păun, former MD of Colliers International Romania.
CPI Property Group has issued green bonds with a face value of €750 million, a yield of 1.625% and a maturity date of 23rd April 2027. Over €2 billion of the bonds have been placed. The company intends to use a significant portion of this to acquire high-quality office properties in Warsaw during Q4 2019 and 2020.
Having closed CEE’s largest ever real estate transaction this summer, CTP is carrying on with its ambitious development plan. Group CFO Richard Wilkinson talked to Property Forum about the company’s upcoming projects and the financing conditions industrial developers face.
pbb Deutsche Pfandbriefbank provided an investment loan and a VAT facility of €90 million in total to two real estate funds managed by Credit Suisse Asset Management. The funds will utilise the proceeds for the acquisition of the prime office building Astoria in Warsaw from the developer Strabag. pbb acted as arranger and sole lender under the facilities.
Colosseum Centre, located in North-West Bucharest has secured with Credit Europe Bank the funding required to develop the current stage of expansion, that is the shopping mall, with fashion, leisure and food brands. JLL Romania has advised the developer in obtaining the funding.
Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP
New appointments
Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.
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