Real Estate Loan means any debt obligation that is directly or indirectly secured by a mortgage, deed of trust or similar Lien on commercial real estate, residential real estate, office, retail or industrial property or undeveloped land.
Dentons’ Banking and Finance team in Bratislava has advised a club of banks led by Tatra banka, which teamed up with Slovenská sporiteľňa and UniCredit Bank Czech Republic and Slovakia on one of the largest real estate loans in Slovakia in recent years.
The €116 million loan was provided to Eurovea 2, s.r.o. and will be used to construct the extension of the Eurovea shopping centre and Pribinova X office building in Bratislava.
The developer JTRE began construction work on the extension in December 2019, with phased completion expected in 2022 and 2023.
Partner Stanislava Valientová led the team, supported by Managing Counsel Jozef Buday, and associates Richard Marcinčin and Peter Panek.
“Our amazing team again successfully and smoothly carried out the whole transaction to the great satisfaction of our clients. For several years now, we’ve had the honour to be the legal advisers of the financing banks on the landmark EUROVEA project in Bratislava.
We look forward to our future cooperation,” commented Stanislava Valientová, Co-Head of Dentons’ Banking and Finance practice in Bratislava.
“I was glad to support this project to build exclusive residences and retail spaces, which will contribute to the further development of our city.” commented Jozef Buday, Co-Head of the Real estate Practice Group in Dentons Bratislava.
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