ARTICLES LABELLED WITH TAG financing

News Helaba is financing the acquisition of LIXA in Warsaw
20
Jan
2021

Helaba is financing the acquisition of LIXA in Warsaw

by Property Forum
With a loan amount of €82.2 million, Helaba is financing the acquisition of the prime office property Lixa in Warsaw. The first stage of the investment was purchased by Hana Investment Co. Ltd., a South Korean consortium represented by Commerz Real. The loan term is for five years and Helaba is acting as sole underwriter for the transaction.
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News M7 acquires Budapest office building for €12 million
19
Jan
2021

M7 acquires Budapest office building for €12 million

by Property Forum
M7 Real Estate has acquired a modern, multi-tenanted office property in Budapest, Hungary, for €12.35 million. The company has also agreed a €56.7 million loan facility on a five-year term for the Fund with Erste Group, one of the largest financial services providers in Central and Eastern Europe, establishing a new banking relationship in the region.
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News Crestyl to issue bonds to finance Prague mixed-use project
14
Jan
2021

Crestyl to issue bonds to finance Prague mixed-use project

by Property Forum
Local developer Crestyl, through its subsidiary Savarin p.l.c., is issuing five-year zero-coupon bonds with a total nominal value of €84 million (CZK 2.2 billion) this week, with the possibility of increasing to CZK 3.3 billion. The purpose of the issue is to finance the Savarin project, which is being developed in the vicinity of Prague's Wenceslas Square and Na Příkopě Street. The multi-purpose complex also includes space for the installation of Alfons Mucha’s Slav Epic. The issue was prepared by J&T Banka and the bonds are also traded on the regulated market of the Prague Stock Exchange.
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News GTC issues €110 million of green bonds in Hungary
07
Dec
2020

GTC issues €110 million of green bonds in Hungary

by Property Forum
On 3 December 2020, GTC’s subsidiary, GTC Real Estate Development Hungary Zrt., issued 792 pieces of senior unsecured bonds, with the nominal value of HUF 50 million each and the total value of HUF 39.6 billion (approximately €110 million). The bonds will be fully guaranteed by GTC S.A.
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News CTP completes €400 million green bond issue
30
Nov
2020

CTP completes €400 million green bond issue

by Property Forum
CTP has successfully issued its second green bond for €400 million, following the company’s inaugural €650 million issue in October. The proceeds from both bond sales will be used to finance a portfolio of eligible green assets. CTP maintains a strong commitment to sustainability and targets carbon-neutral operations by end-2021.
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News Echo secures €33.6 million loan for Łódź office project
20
Nov
2020

Echo secures €33.6 million loan for Łódź office project

by Property Forum
Echo Investment has gained a loan for the construction of three office buildings included in the multifunctional Fuzja project in Łódź. Bank Pekao S.A. provided financing for the investment.
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News CTP announces changes in finance department structure
19
Nov
2020

CTP announces changes in finance department structure

by Property Forum
CTP has changed the structure of its finance department. The company is responding to the success of CTP B.V.’s debut green bonds issue and the shift towards bonds as a means of financing of the CTP Group. A new position of CTP Group Treasurer has therefore been created. The position has been taken up by Zdeněk Raus.
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News COVID-19 has managed to make the Czech permitting process even longer
12
Nov
2020

COVID-19 has managed to make the Czech permitting process even longer

by Property Forum
Seven experts discussed investment and financing strategies for the new normal at the online edition of Prague Property Forum 2020. How has the investment market changed in the last 6-8 months? What major changes have been observed in investment and financing preferences? We summarised the highlights of the discussion, moderated by Luke Dawson (Colliers International).
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News GTC plans green bonds issuance in Hungary
12
Nov
2020

GTC plans green bonds issuance in Hungary

by Property Forum
A German rating agency Scope Ratings has assigned a first-time issuer rating of BBB-/Stable to Globe Trade Centre S.A. and its subsidiary GTC Real Estate Development Hungary Zrt. GTC Group also announces green bonds issuance within the framework of the Bond Funding for Growth Scheme launched by the National Bank of Hungary. The senior unsecured debt rating is BBB-. The outlook on the ratings is stable.
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News Mitiska REIM secures €33 million loan for Romanian retail parks
03
Nov
2020

Mitiska REIM secures €33 million loan for Romanian retail parks

by Property Forum
Mitiska REIM has secured a €33 million senior debt facility with Erste Group Bank AG for four Romanian retail parks, representing a combined gross leasable area (GLA) of 30,500 sqm.
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Latest news


New leases

  • Szerémi Office Building in Budapest welcomed an unnamed new tenant which has signed a long-term lease agreement for 1252 sqm of space in the property. The complex of three interconnected buildings provides a total floor space of nearly 10,500 sqm.
  • Kucera Logistics Group Sp. z o.o Sp. K. has decided to open a new distribution centre at Panattoni Park Pruszków V. The tenant will occupy nearly 3,300 sqm of warehouse and office space in the new location. AXI IMMO represented Kucera Logistics Group in the transaction.
  • In the Go! Park Handlowy in Jasło, Poland, Dealz will open its shop. The chain's premises will occupy 520 sqm. The retail park is scheduled to open in June 2023.

New appointments

  • Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
  • Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.


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