NKO Partners supports CTP with securing EUR 16,5 million worth of financing for real estate projects in Serbia

Djordje NikolicPartner, NKO Law Office

NKO Partners has supported industrial real estate developer CTP with securing EUR 16,5 million worth of financing for its real estate projects in Serbia with Raiffeisen bank Serbia. Four project companies of CTP and Raiffeisen entered into a secured term facilities agreement on 25 June 2020 for purposes of financing development and construction of four facilities and refinancing the existing loan with OTP bank Serbia. Two out of four facilities are located in Belgrade, one is located in Novi Sad and one is in Kragujevac, and their total net leasable area amounts to approximately 72,000 sqm. CMS advised Raiffeisen in this transaction.

The NKO Partners’ team was led by Senior Associate Marina Nikolic.

Contributing Advisors

Djuro OtaševićPartner, NKO Law Office