The multi-functional real estate project 'Quadrio' in Prague is financed by German bank Helaba and UniCredit Czech Republic for CPI Group. The total amount of the loan is €78 million as a development loan and as an investment loan after completion.
The large-scale Quadrio project comprehends offices, a shopping gallery and modern apartments. The property is situated in Prague 1, the very heart of the city with its most important historic sites, easily accessible by car and public transport.
The leading Czech investor and asset manager CPI Group is engaged in property investment, development and administration in Central Europe across all segments of the real estate market. Thomas Tajer, senior specialist of financing at the CPI Group, commented: "Both strong banks are our important partners in terms of external financing." The banks have been supported by Wilson & Partners, one of the leading law firms in the Czech Republic and the Slovak Republic.
For German bank Helaba this transaction underlines Central Europe remaining one of the core target markets for further expansion in Real Estate Lending.