CEE investor CPIPG has signed nearly €500 mln of new secured bank loans.
In Poland, the firm's subsidiary CPI FIM signed a €288 mln loan encompassing three office properties in Warsaw, namely the Warsaw Financial Center, Eurocentrum, and Equator IV. The loan has a 5-year term and was provided by Aareal Bank.
In the Czech Republic, a subsidiary of CPI FIM signed a €58 mln 4-year facility with Raiffeisen related to Czech residential assets.
The Group also completed an €85 mln 7-year facility with CSOB related to retail and logistics assets, plus a €5 mln facility (also with CSOB) for a solar energy generation project.
In Slovakia, CPIPG subsidiary Immofinanz completed a new €58 mln 3.5-year loan related to retail park assets. The loan was provided by Raiffeisen.
'CPIPG appreciates the lending appetite shown by banks across our geographies and market segments,' said Martin Nemecek, CEO. 'We will use the proceeds to repay other debt obligations of the Group, in support of our strong liquidity profile.'
