Global law firm Dentons advised CPI Property Group (CPIPG) a leading owner of income-generating European real estate, on its €635 million bridge loan. The three-year bridge loan will replace the Group’s existing loans related to its recent acquisitions of IMMOFINANZ
and S IMMO.
Prague-based partner Jiří Tomola led Dentons’ legal team on the transaction with assistance from partner Ondřej Bartoň and associates Vojtěch Laga and Eva Kozlová, and in cooperation with London-based partners Nick Hayday and Victoria Wyer, senior lawyer David Ferris, and US Securities Partner Cameron Half.Partner Stéphane Hadet and counsel Christophe Renaudin provided Luxembourg law advice.
Commenting on the transaction, Jiří Tomola said: “CPIPG is a longstanding and valued client. We have advised the group on numerous high-value financing, capital markets and real estate transactions in recent years, including its €100 million debut sustainability-linked loan through a bilateral facility with MUFG earlier this year as well as its Euro Medium Term Note Programme. We are delighted to have had the opportunity to continue supporting CPIPG on another significant transaction.”
Martin Matula, General Counsel of CPIPG, added: "This transaction is yet another example of our excellent cooperation with Dentons. The loan is strategic for the Group as it proactively extends maturities of the two acquisition loans to further support our ratings."