CTP scores new development loans

CTP has continue to expand its financing base by agreeing loan terms with VUB/Intesa for a €20m facility for the development of its newest venture, CTPark Mlada Boleslav. The industrial investor is hoping to take advantage of the growing importance the city has on the European auto manufacturing scene. The developer also concluded new loan agreements with CSOB (€12m) and with Volksbank Real Estate (€8m) for the construction of new projects for clients like ViskoTeepak, ABB, Raben/Wincanton and Kühne & Nagel.CTP now has 225,000 sqm of construction underway and has €194m in new financing secured.

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