Following on from the previous financing of the four phases of the Prague office project DOCK IN, Deutsche Pfandbriefbank (pbb) and Helaba have jointly provided an investment loan totalling EUR 63 million (over CZK 1.5 billion) for the refinancing of DOCK IN FIVE, the last office building of the DOCK project of the developer group Crestyl. pbb and Helaba acted as joint lead lenders and secured an equal portion of the financing, with pbb also acting as credit and security agent for the transaction. Helaba and pbb are now financing the entire DOCK IN project with a total loan amount of EUR 190 million (over CZK 4.6 billion).
The award-winning DOCK IN FIVE project offers 21,500 sqm of high-quality office and retail space spread over six floors. The building was completed in May this year and represents the latest addition to the DOCK project, in which Crestyl has created a vibrant new district along the Vltava River that includes a residential area in addition to offices and includes restaurants, cafes, and even a public park with a marina.
The entire DOCK project is designed in accordance with ESG principles. All office buildings are characterized by the highest quality standards and LEED® certification. This is confirmation that the buildings are designed with energy efficiency, environmental protection and indoor environmental quality in mind. The commercial part of the project consists of five modern Class A office buildings built between 2013 and 2022. The total gross lettable area is close to 80,000 sqm and is leased to well-known tenants such as Saint-Gobain, Delivery Hero (We Give Food), BNP Paribas Cardif Insurance, ASSA ABLOY, LEGO Trading, Publicis, Henkel and Hornbach.
