Helaba provides EUR 68m financing for Europolis in Prague

German regional bank Helaba has structured and concluded a EUR 68 mln financing of the Kavci Hory office park in Prague for an affiliate of asset manager Europolis. Helaba is acting as sole arranger and lender through its Real Estate Finance Northern and Central Europe unit, it said on Friday.

Real estate asset manager Europolis has built up several award-winning portfolios in the CEE and SEE regions since 1997. The Kavci Hory building is located in Prague 4, and provides about 40,000 m² of gross lettable area and 700 parking lots on three underground parking levels. The building comprises five above ground levels with a landmark 11-storey tower in its northern part.

Since the start of its activitites in 2006, Helaba has provided financings of more than EUR 2.5 bn in relevant markets of Northern and Central Europe, specializsng particularly in acquisition financing and structured financing for international investors and investment funds.