CTPark Bucharest - 13k (EBRD-49040)

Countries
  • Romania
Where the impacts of the investment may be experienced.
Specific Location
Bucharest
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 13, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
CTPark Bucharest SRL and CTPark Gamma SRL
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 51.09 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 43.795
Converted using 2017-11-10 exchange rate.
Project Cost (USD)
$ 157.55 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 135.05
Converted using 2017-11-10 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Nov 10, 2017


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Project Description

This project provides financing to CTPark Bucharest SRL and CTPark Gamma SRL to support their expansion in the logistic park located on the outskirts of Bucharest, at the 13th kilometre of the Bucharest- Pitesti highway.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)

The EBRD's financing includes a enior loan of up to EUR 38.9 million and a value-added-tax facility of up to 4.9 million.

Private Actors

CTPark Bucharest SRL and CTPark Gamma SRL are part of CTP Group and own and operate two logistics parks of around 222,500 m2 gross leasable area (GLA). CTP Group owns the largest portfolio of premium business parks in Central Europe with over 3 million m2 GLA of A-Class properties in over 60 strategic locations.

Contact Information

Ana Dumitrache, Co-Country Manager
ana.dumitrache@ctp.eu
+40311050973
+40311050974
www.ctp.eu
CTP, 5-7 Vasile Lascar St., 2nd floor, Bucharest, sector 2, 020491, Romania

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.