CPI PROPERTY GROUP
CPI PROPERTY GROUP secured financing for its major projects, Quadrio and Spojene farmy
CPI PROPERTY GROUP / Key word(s): Financing CPI PROPERTY GROUP secured financing for its major projects, Quadrio and Spojene farmy Following the successful completion of QUADRIO project, the Company agreed with the current club of financing banks, Helaba and UniCredit, on a major increase of the financing from CZK 2 billion (cca. EUR 73 million) up to CZK 3.7 billion (cca. EUR 135 million). “Helaba and UniCredit have showed true commitment for the QUADRIO project from its very beginning. It is natural that our co-operation will continue and the increased financing shows that the building is one of the best on the market.” said Tomas Tajer, the project finance manager. QUADRIO is a modern shopping centre located in the heart of Prague 1, directly above the metro station Narodni trida. QUADRIO is a unique mixed-use project comprised of 16,400 sqm of modern A-class office space, 8,500 sqm of retail premises, 13 exclusive apartments and an underground car parking for 250 cars. QUADRIO will soon become head office for the CEE operation of the Company. The Company further obtained a credit facility to refinance the acquisition of the farmland and farm business held in Spojene farmy. The facility in the mount of CZK 940 million (cca. EUR 34.5 million) was provided by Ceskoslovenska obchodni banka (CSOB). “We highly appreciate that CSOB and we were able to put together the pioneer and complex financing of our farm business in the Czech Republic. It underlines the potential that lies in the production of organic food as well as the growing value of farmland in general” Martin Nemecek, CEO of the Company commented. Spojene farmy is one of the largest owners of farmland and producers of high-quality organic food in the Czech Republic. Spojene farmy operates almost 20,000 hectares of land and has additional investments in the Czech Republic, Germany, Poland and Slovakia. For more details please visit www.cpipg.com, www.quadrio.cz, and www.spojenefarmy.cz. Contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 D-20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 sebastian.bucher@kirchhoff.de 2015-06-29 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | CPI PROPERTY GROUP | |
40, rue de la Vallée | ||
L-2661 Luxembourg | ||
Grand Duchy of Luxembourg | ||
Phone: | +352 264 767 1 | |
Fax: | +352 264 767 67 | |
E-mail: | contact@cpipg.com | |
Internet: | www.cpipg.com | |
ISIN: | LU0251710041 | |
WKN: | A0JL4D | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart | |
End of News | DGAP News-Service |
373251 2015-06-29 |