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Clifford Chance, White & Case, and DLA Piper Advise on CTP's EUR 1.9 Billion Underwriting Package

Clifford Chance, White & Case, and DLA Piper Advise on CTP's EUR 1.9 Billion Underwriting Package

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Clifford Chance Prague has advised CTP, an industrial developer in the CEE region, on a EUR 1.9 billion underwriting package agreement with Erste Group Bank AG, Ceska Sporitelna a.s., Societe Generale S.A. and Komercni Banka a.s., and UniCredit S.p.A. and UniCredit Bank Czech Republic and Slovakia a.s.

The agreement covers CTP’s Czech industrial portfolio, which includes 200 buildings and covers 2.7 million square meters of industrial space. White & Case advised the banks and DLA Piper advised Deutsche Pfandbriefbank AG as the security agent for the transaction.

CTP describes the deal as “the largest real estate transaction to date in Central and Eastern Europe." The seven-year loans providing for the refinancing of EUR 1.6 billion of existing properties and extending EUR 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.

The Clifford Chance team included Partners Milos Felgr and Emil Holub, Senior Associates Marian Husar and Milan Rakosnik, and Associates Dominik Vojta and Jan Strnad.

The White & Case team included Partners Jan Linda, Petr Panek, and Vaclav Kubr, and Associate Radek Kraus.

The DLA Piper Prague team included Partner Jakub Adam and Counsel Petr Koblovsky

Czech Republic Knowledge Partner

JŠK, advokátní kancelář, s.r.o. (JŠK) is a medium-sized law firm based in Prague providing a comprehensive range of commercial legal advisory services in the Czech Republic. Our team consists of almost 30 lawyers, five of whom are partners with many years of experience from leading international law firms. We advise local and international clients from banking, insurance and various industry sectors, boast a respected projects practice, and work for the public sector at the federal and municipal level.

Ever since it was founded in 2004, JŠK has striven for the epitome of professionalism, expertise and ethical integrity. We continuously seek to surpass what large global law firms can offer and to give our clients a personal approach. All mandates are equally important to us regardless of size as we guide clients through both complex and seemingly routine matters.

Our clients turn to us for advice when implementing their business plans across all areas of commercial law. We are proud members of PONTES: the CEE lawyers, a unique network of law firms through which we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

Firm's website: http://www.jsk.cz

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