ING supported Unibail-Rodamco-Westfield and their new JV partners Upvest and RSJ Investments with a €268m 5-year secured Green Loan in connection with the entry of new JV partners and expanding and modernizing the shopping centre Centrum Cerny Most.
Centrum Cerny Most, located in Prague, has been a leading shopping destination in the Czech Republic since its opening in 1997. It is recognized as one of the top-tier shopping centres in Prague.
ING acted as the Sole Green Loan Coordinator, Facility and Security Agent and Escrow Account Agent. ING Czech Republic, together with Erste bank, Ceska sporitelna and Komercni banka have also acted as Co-Mandated Lead Arranger and Hedge Provider of this financing.
“ING is a leading global lender in commercial property financing. This transaction allowed us to strengthen our relationship with Unibail-Rodamco-Westfield, and leverage our extensive expertise in the real estate sector, combined with our European network and our expertise in sustainable finance. We are thrilled to facilitate this unique transaction. This deal not only underscores our strategic capabilities but also our dedication to fostering sustainable growth in the Czech Republic,” said Ondrej Kadlc, Manager Real Estate Finance at ING Bank, Prague branch.
Image source - ING.
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