The transaction involved the divestment of the existing retail asset together with a framework enabling the planned construction of a new, purpose-built development on the underlying land plot.
The transaction covers a portfolio comprising eight retail parks and four single-tenant retail assets located in regional cities across Hungary, with a combined gross leasable area of approximately 45,000 square meters.
The financing was syndicated across five leading banks, arranged by Komercni Banka and CSOB with the participation of UniCredit Bank CZ & SK, Ceska Sporitelna, and Raiffeisenbank Ceska Republika.
The financing is aimed at delivering safe, sustainable housing for internally displaced persons and other vulnerable groups, addressing one of Ukraine’s most acute social challenges amid ongoing recovery efforts.
Patria investicni spolecnost has announced it successfully completed the acquisition for CSOB Real Estate Fund of two properties in the center of Prague from Amundi: the Forum Karlin building and the Ibis Praha Old Town property.
The development of the building was realized by Solida Capital and Xior initially held a 25% + 1 share interest in this development through a joint venture with Solida Capital.
Austrian developer of luxury real estate Crownd Estate Group has completed an out-of-court restructuring following 18 months of intensive negotiations with 25 Austrian financial institutions.
