UniCredit Bank Austria, Raiffeisen Bank International & UniCredit Bulbank Granted an Expanded € 112.9 Million Senior Facili...
October 20 2016 - 12:42PM
Business Wire
UniCredit Bank Austria AG and UniCredit Bulbank AD increased and
amended its current senior facility with Business Park Sofia (BPS),
the largest office park in Central and Eastern Europe, in order to
accommodate a new syndication partner, Raiffeisen Bank
International AG (WBAG: RBI), reaching now a total volume of €
112.9 million. The transaction closed in September 2016.
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The new joint facility is being provided by UniCredit Bank
Austria AG, Raiffeisen Bank International AG and UniCredit Bulbank
AD. UniCredit Bank Austria AG and UniCredit Bulbank AD acted as
mandated lead arrangers, syndication agents and underwriters.
UniCredit Bulbank AD is acting as facility and security agent,
account bank, and hedge provider of this transaction. Also, Arco
Capital has mandated UniCredit Bank Austria AG, Raiffeisen Bank
International AG and UniCredit Bulbank AD to provide a construction
facility for a new development undertaking in process.
The Business Park Sofia office complex consists of fourteen
Class A modern buildings, located in the prime location for
business in Sofia. The total built-up area is 187,000 m² and is
fully leased to more than 150 international tenants and
accommodating more than 11,000 employees. The business park
comprises more than fifty percent of Sofia’s central business
district currently leased Class A office space. BPS is the most
prestigious office centre in Sofia. It offers a unique
architectural design and high technical specification of the
buildings. Also, further development of buildings and
infrastructure within the park is underway.
The growth and development of BPS is part of Arco Capital’s
strategy to continue the development of the asset in order to meet
the current high tenant demand in the CEE region and specifically
in the Sofia CBD.
“We are very pleased to financially support Arco Capital as part
of the lending group for their vibrant and successful BPS in order
to grow and further develop the office park in the region. Arco
Capital has a proven track record for successfully managing BPS and
attracting a lot of the big international tenants in the Sofia
office market,” – said Michael Weitersberger, Head of Real Estate
Finance International, Raiffeisen Bank International AG. Lukasz
Motyl, Head of Real Estate CEE at UniCredit Bank Austria AG, said:
"We are very pleased to have worked again with our partner to
continue to support the financing of what is the premier office
park in Central and Eastern Europe. We are glad that we had a
chance to pair up with Raiffeisen Bank International in this great
project in order to expand our long-standing lending relationship
with BPS, and its fund sponsor Arco Capital. The re-financing of
BPS is also a great example of the positive lending climate in the
CEE region.”
Tomasz Radwanski, Managing Director and Head of EMEA at Arco
Capital, added: “We are extremely pleased that both Raiffeisen and
UniCredit are jointly re-financing Business Park Sofia, and
providing us with the financial capabilities to expand our
operations. We are observing continuous high demand for our office
space. We are very pleased that we could attract expansion
financing from UniCredit and Raiffeisen. This prolongs a long term
successful partnership with flagship regional banks. Arco Capital,
Business Park Sofia and UniCredit have had a longstanding
relationship; now this is complemented by the addition Raiffeisen
Bank. This re-financing transaction will not only increase our
leading position in the Sofia institutional office market, but also
enables us to expand it. We were one of the first international
institutional investors in Sofia back ten years ago. Business Park
Sofia continues to be the preeminent office park in the CEE
region.”
Notes to Editors:
UniCredit Bank Austria (www.bankaustria.at) (MIL: UCG) has been
a member of UniCredit, one of the largest European banking groups,
since 2005. The bank maintains an extensive network in Austria,
with about 9.600 employees serving customers in some 260 branches.
Bank Austria serves as UniCredit's hub for the banking network in
Central and Eastern Europe, a region where the Group is the clear
market leader with around 2,240 branches and outlets (as of 04
August 2016). The CEE Division operates through Bank Austria which
acts as sub-holding company of the Group and is responsible for
overseeing the Group's banking activities in the CEE region,
excluding Poland which is under management of UniCredit.
UniCredit Bulbank (www.unicreditbulbank.bg) is the biggest
Bulgarian bank in terms of assets, exceeding BGN 18 billion as of
June 2016. The Bank is servicing over one million individual
clients and households, high profile private customers, small and
mid-sized businesses, larger domestic and multinational corporates,
municipalities and budget enterprises.
Raiffeisen Bank International AG (RBI) (WBAG: RBI)
(www.rbinternational.com) regards Austria, where it is a leading
corporate and investment bank, as well as Central and Eastern
Europe (CEE) as its home market. 14 markets of the region are
covered by subsidiary banks. Additionally, the Group comprises
numerous other financial service providers, for instance in the
fields of leasing, asset management, as well as mergers and
acquisitions. In total, around 51,000 employees service 14.2
million customers through around 2,600 business outlets. RBI is a
fully-consolidated subsidiary of Raiffeisen Zentralbank Österreich
AG (RZB). RZB indirectly owns around 60.7 per cent of the shares,
the remainder is in free float. RBI's shares are listed on the
Vienna Stock Exchange. RZB is the central institution of the
Austrian Raiffeisen Banking Group, the country's largest banking
group, and serves as the head office of the entire RZB Group,
including RBI.
Business Park Sofia (www.businesspark-sofia.com) is the first
business park in Bulgaria and the largest office park in
Southeastern Europe. The facility accommodates some of the most
successful businesses in diverse industries. The park is designed
to provide efficiency, flexibility and convenience to corporate
tenants of any size and scope. It is a genuine multifunctional
high-tech business park, which combines essential business
components and related sectors in a vibrant community.
Arco Capital Corporation Ltd. (www.arcocapital.com) is an
international finance company that engages in mid-market
commercial, infrastructure and real estate financing activities in
select emerging markets. Arco Capital is externally managed by Bond
Street Management (BSM). BSM is a credit investment platform that
serves global markets - leveraging its years of market insight,
deep relationships and proven investment acumen.
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For Arco CapitalMedia Relations, Tel. +1
787-993-9650arcoinfo@arcocapital.comorFor UniCreditUniCredit Bank
AustriaTiemon Kiesenhofer, Tel. +43 (0) 50505 – 56036International
Media RelationsCentral and Eastern
Europetiemon.kiesenhofer@unicreditgroup.atorFor Raiffeisen Bank
InternationalChristof Danz, Tel. +43-1-71707-1930Head of PR
International, Spokesmanchristof.danz@rbinternational.com
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