Kinstellar has advised Penta Real Estate, a Central European investment group, on a EUR 110 million loan from a syndicated club of banks, led by Tarta Bank, for the construction of the Sky Park Residence in Bratislava. Dentons advised the banks on the deal.
The club of banks consisted of Tatra Banka, Ceskoslovenska Obchodna Banka (KBC Group), and Slovenska Sporitelna a.s. (Erste Group).
Kinstellar describes the loan as "the first syndicated club financing for a residential project in Slovakia."
Sky Park is a multi-purpose development project designed by the Zaha Hadid Architects architectural studio. The project will be developed at a former industrial zone in Bratislava’s city center and will consist of six new high-rise buildings. The first phase, which is the subject of the financing deal, consists of three 30-storey residential towers offering up to 800 apartments and 2000 square meters of amenities.
The Kinstellar team in Bratislava consisted of Managing Associate Vladimír Policka and Senior Associate Dominika Bajzathova.
Dentons' team was led by Slovakia Managing Partner Peter Kubina, supported by Counsel Patricia Gossanyiova and Associates Richard Marcincin and Bianca Bohmova.