CTP secured a €75m loan from ING Bank to finance part of its standing portfolio of 2.8 million sqm of leasable space in Ostrava, Nový Jičín, Prague, Humpolec, Brno, Pohořelice and Jihlava. The loan is for six years. “ING has been a partner of CTP since 2008. We first started cooperating together during a difficult time for the commercial property industry, a strong signal that ING believes in the long-term viability of the CTP business model. With this new facility, we will be able to further strengthen our portfolio and profitability for the foreseeable future,” says Radek Zeman, CFO of CTP.
