Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Czech Republic

Geographic location where the impacts of the investment may be experienced.

Specific Location

Brno

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

Proposed

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Voting Date

Apr 9, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

Brno New Town Square s.r.o. (Crestyl Brno Properties LTD)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 68.00 million

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 65
Converted using 2025-02-24 exchange rate.

Loan Amount (USD)

$ 68.00 million

Project Cost (USD)

$ 230.15 million

Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 25, 2025

Disclosed by Bank Feb 24, 2025

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EBRD, the project consists of the provision of a senior secured loan through EBRD participation of up to EUR 65mn alongside co-lenders in a multi-bank project finance club loan of up to an aggregate EUR 156mn, in favour of Brno New Town Square.

The purpose of the Loan is financing masterplan-driven sustainable urban-regeneration project consisting of a mixed-use development scheme including affordable residential component, green office, food-anchored retail and affordable hotel with culture and lifestyle concept. The Project is in the historical city centre of Brno, a sought-after location that currently houses outdated retail premises owned by the Borrower, which will be redeveloped as part of the Project.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the EBRD, Brno New Town Square s.r.o is a fully owned company incorporated in the Czech Republic. It was established by Crestyl Brno Properties LTD, a joint venture between Crestyl Holding CZ and ACP Partners. Founded in 2001, Crestyl Holding is a leading Czech developer with a diversified portfolio in mixed-use multipurpose residential, retail, and commercial properties. ACP Partners is a co-investment platform established in the UK for private investors looking to structure and participate in proprietary investment.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
ACP Partners	Client	Construction	contracts with	Crestyl Holding CZ	Client	Construction

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Client - Brno New Town Square s.r.o. (Crestyl Brno Properties LTD):

Richard Paulik
Email: richard.paulik@crestyl.com
Phone: +420 226 202 800
Website: www.crestyl.com
Address: Boudníkova 2506/1, 180 00 Praha 8-Palmovka, Czechia

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

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 at: 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