Erste Group, Ceska Sporitelna, ING Bank, and Komercni Banka have provided a club loan of EUR 26 million to the owners of the Centrum Cerny Most shopping center in Prague to facilitate the expansion and modernization of the shopping center.
The loan comes in connection with Unibail-Rodamco-Westfield’s recent sale of a 25% stake in the Centrum Cerny Most shopping center to Upvest and RSJ Investments (as reported by CEE Real Estate Matters on January 13, 2025). According to a LinkedIn post by Erste Group’s Roman Kubanyi, “this investment will enhance [the] center’s retail, dining, and entertainment offerings, reinforcing its position as a premier shopping and leisure destination. The expansion of Centrum Cerny Most will bring 37 new shops into the center by 2026. The development will also introduce a state-of-the-art dining plaza, featuring 22 restaurants, and three premium VIP cinema halls with advanced laser projection.”
Image source: www.retailguide.cz