Clifford Chance has advised CTP, Europe's largest listed owner, developer and manager of logistics and industrial real estate by GLA, in connection with financing of industrial parks owned and developed by CTP in Slovakia. The new facilities were provided by a banking club consisting of Erste Group Bank AG and Slovenská sporiteľňa, a. s.
The transaction demonstrates strong support from key financial stakeholders and enables CTP to continue their further growth. Building on their previous cooperation, Clifford Chance assisted CTP in preparation and negotiation of the finance documents, with its Prague office leading the team of lawyers from the Czech Republic, Slovakia and the Netherlands in the process. "I am proud that CTP have once again put their faith in us and have chosen us as their legal advisor. Although our mutual cooperation is already a long-standing one, this was the first opportunity to advise on the financing of a purely Slovak portfolio, and I am happy to state that our joint team smoothly worked together across jurisdictions to successfully close it," said partner Miloš Felgr.
CTP is a full-service developer and manager of industrial and logistics parks. Its portfolio covers 11.0 million sqm of leasable space in 10 markets across Europe, connecting the Black Sea to the North Sea, making CTP the largest listed owner of logistics and industrial real estate by GLA in Europe. CTP has an extensive client mix with over 1,000 local and global companies representing a diverse range of business sectors, namely manufacturing, logistics and R&D.
The Clifford Chance team consisted of associate Bára Mika and counsel Dominik Vojta and was supervised by partner Miloš Felgr. Primary support was provided by junior lawyer Ondřej Šteco, with the Slovak law aspects of the transaction covered by senior associate Stanislav Holec, Head of Clifford Chance's Slovak desk, and junior lawyer Lukas Ljubovič. The Dutch law aspects were dealt with by associate Menno Postma.