Bucharest – July 10th, 2017 – Banca Comercială Română (BCR) SA and EBRD are joining forces to finance the expansion of the logistics park CTPark Bucharest West, some 20 kilometres from the Romanian capital. The financiers have arranged a credit facility of €75.8 million, where the BCR is providing € 39.1 million and EBRD €36.7 million. BCR acted as mandated lead arranger, documentation, facility and security agent.

With a planned leasable area of 600,000 square meters, CTPark Bucharest West is designed to become the largest logistics park in Romania, reaching now over 244,000 square meters of leasable area upon finalization of the two warehouses which are under construction.

The 100-hectare park is operated by the Romanian unit of the Czech real estate developer CTP, which owns and manages the largest portfolio of premium business parks in central Europe and Romania, with over 3 million square metres of gross leasable area of class-A properties in over 60 strategic locations.

The two buildings will help CTP meet the increasing demand for warehouse space from existing clients as well as newcomers to the Romanian markets. The warehouses are expected to be certified under an internationally recognised scheme such as Leadership in Energy and Environmental Design (LEED) or BRE Environmental Assessment Method (BREEAM).

“We believe in CTP’s strategic call to develop high-tech business parks for leading international and domestic companies making strategic investments in central Europe and Romania. In particular we believe that we can support Romania’s competitive edge in the region by financing strategic projects in logistics infrastructure. We are thankful to CTP for offering the opportunity to be their financial partner in this project”, stated Sergiu Manea, CEO of BCR.

“We are very pleased to reach this agreement that helps us take another major step towards making CTPark Bucharest West the most important logistics park in Romania, in terms of total surface, but also development pace and standards of quality. We aim to be a strategic park for the Romanian economy through the support we offer for significant investments, both foreign and local. This loan also represents the first cooperation between CTP and EBRD, alongside our long term financial partner, BCR (at local level) and Erste Bank (at group level). Moreover, we are confident that this will only be the beginning of a fruitful collaboration between CTP and EBRD!”, stated Ana Dumitrache, Country Head of CTP Romania.

“We welcome CTP’s drive for green certification, which is not yet standard in the Romanian logistics market. Green leases are also a new feature in the logistics sector in Romania, which will not only benefit the cooperation with tenants but will strengthen CTP’s competitiveness in the market”, stated Matteo Patrone, EBRD Director, Regional Head for Romania and Bulgaria.

CTP is a full-service commercial real estate developer and manager, specializing in the delivery and management of custom-built, high-tech business parks for leading international and domestic companies making strategic investments in new or expanded operations in Central Europe. CTP is the owner of the CTPark Network, the largest integrated system of premium business parks in Central and Eastern Europe, with over 3.9 million m² of A-Class properties in more than 60 strategic locations. In Romania, CTP is the leading warehouse developer and manager, with a GLA of 615.000 m² of Class A warehouses spread in 8 cities: Arad, Bucuresti, Cluj-Napoca, Deva, Pitești, Sibiu, Timișoara and Turda.

The EBRD is a leading institutional investor in Romania. It focuses on promoting stability and expanding products in the financial sector, strengthening infrastructure through improved efficiency and greater private sector involvement, as well as on restructuring the power sector and increasing energy efficiency and sustainability. 

The EBRD has invested close to €7.5 billion in the country to date in almost 400 projects. 

Banca Comerciala Romana (BCR), a member of Erste Group, is the most important financial group in Romania, including operations of universal bank (retail, corporate & investment banking, treasury and capital markets), as well as specialized companies on the leasing market, private pensions, housing banks and banking services. BCR is No. 1 bank in Romania on the assets value (over EUR 14.8 billion), No. 1 Bank by number of clients and No. 1 bank by savings and financing segments. BCR is the most valuable financial brand from Romania, considering the degree of trust of the clients and the number of people for whom BCR is the main banking institution.

BCR offers a complete range of products and financial services through a network of 22 business centres and 18 mobile offices for companies and 513 retail units located in major cities across the country with over 10,000 inhabitants. BCR is the No. 1 bank in Romania on the bank transaction market, BCR clients having available the largest national network of ATMs – over 2,000 ATMs and POSs – over 15,200 card payment terminals to merchants, as well as full service Internet banking, Mobile Banking, Phone-banking and E-commerce.

*  *

Erste Group is one of the main financial service providers from the Eastern European Union. 46,700 employees serve 15.9 million clients in 2,700 branches from 7 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia). At the end of the third trimester of 2016, Erste Group had total assets in amount of EUR 206.8 billion, a net profit of EUR 1.18 billion, and also 1^st rank common capital index (Basel 3 fully integrated) of 13.2%.

*  *

BCR – External Communication 

Catalin Ionita, e-mail: georgecatalin.ionita@bcr.ro

This information is also available on our web page at: www.bcr.ro

For details regarding BCR products and services, we are kindly asking you to use the following contact modalities

InfoBCR

Web: www.bcr.ro

Email: contact.center@bcr.ro

TelVerde: 0800.801.BCR (0800.801.227), toll-free telephone number from all the national networks.