Allen & Overy's Bucharest, Prague, Warsaw, Amsterdam, and Luxembourg offices have advised the EBRD and ING Bank Romania on a EUR 96 million financing for CTPark Bucharest — a logistics park located on the A1 Bucharest-Pitesti motorway, owned by CTP Group.
The EBRD will provide EUR 43.8 million while ING will contribute EUR 52.2 million to this loan.
The 52-hectare park is operated by the Romanian unit of the CTP real estate developer, which owns a portfolio of premium business parks in Central Europe.
Allen & Overy reports that the loans will support the operation of several resource-efficient warehouses hosting such tenants as telecommunications operator Orange, information management firm Iron Mountain, and global logistics company XPO Logistics.
The RTPR Allen & Overy team in Bucharest consisted of Partner Alexandru Retevoescu, Counsel Cosmin Tilea, and Associates Alexandru Coras and Andrei Lupu.
Allen & Overy's Prague team was headed by Senior Associate Petra Mysakova, assisted by Junior Lawyer Michal Zabadal.
The Warsaw team was led by Partner Dan Cocker and included Senior Associates Maciej Dymnicki and Miklos Kadar.
The Luxembourg team included Partner Henri Wagner, Counsel Francois Guillaume de Liedekerke, and Associate Ruslana Hrischeva.
The Amsterdam team was supervised by Partner Niels de Ru, assisted by Senior Associate Karin Hoenson-van den Berg and Associate Gijs Kerstjens.