• Capabilities: Financial Institutions

Arcadis supported CTP and a consortium of six participating banks on underwriting package of €1.9 billion for CTP’s Czech industrial portfolio

Czech Republic - Arcadis has supported CTP and a consortium of six participating banks who have agreed on underwriting package of €1.9 billion for CTP’s Czech industrial portfolio, comprised of 200 buildings, covering 2.7 million m2 of premium industrial space. In the largest real estate transaction to date in Central Europe, the 7-year loans provide for the refinancing of €1.6 billion of existing properties and extends €269 million in new financing for projects to be completed in the next 18 months. The transaction consolidates 40 existing loan agreements into one syndicated loan.

€1.9 billion

Package for CTP’s Czech industrial portfolio

200

Number of buildings

The Arcadis team, led by Jan Podzimek and Jan Jurcicek, acted on behalf of CTP and consortium of banks as a technical advisor, providing Technical and Environmental Due Diligence services (TEDD) for 200 assets, including design and visual site review of architecture, civil, structure and complex MEP building conditions, incl. the fire safety conditions, review of the external façade, etc., all with snags photo documentation. TEDD resulted in identification of the buildings’ condition, assessment of the asset’s environmental status and suggesting the remedy with a cost estimate and CAPEX summary calculation for upcoming 10 years.

On top of TEDD Arcadis provided detailed Construction legal / permitting overview of the assets formed by comments on all the Final / Occupancy permits including permits of the relevant authorities and the distribution companies.



 All this allowed the Clients to appropriately assess and approach the identified issues and to subsequently evaluate the risk they might pose during the upcoming transaction.

“We are proud to have supported CTP and the participating banks on this exceptional transaction with our team of over 25 technical experts. This deal underlines Arcadis’ ability to support our client’s needs despite the size of the portfolio we are faced with” stated Jan Jurcicek, Project Leader / Senior Project Manager at Arcadis Czech Republic

Mandated Lead Arrangers included:

Erste Bank Group AG and Česká spořitelna, a.s.,

Société Générale S.A. and Komerční banka, a.s.,

UniCredit S.p.A. and UniCredit Bank Czech Republic and Slovakia, a.s.


 



Outcomes

€1.9 billion

Package for CTP’s Czech industrial portfolio

200

Number of buildings

2.7 million m2

Total industrial space

Questions about this project

Ing. Jan Podzimek

Ask me a question

Jan Jurcicek

Senior Project Manager +420724704304 Ask me a question