BLP advises Central European Industrial Fund (CEIF) on refinance

BLP advised the Luxembourg based Central European Industrial Fund (CEIF) in relation to the €225,000,000 refinancing of its portfolio of industrial/warehouse assets across Hungary, Romania, Poland and the Czech Republic. Hypo Real Estate Bank International provided the refinancing facility.

BLP has advised the Fund on its debt funding since its creation in 2005 and is also responsible for managing its various transactions across five jurisdictions. The Fund now holds a portfolio of 21 properties valued at €360m and leased to more than 250 tenants. The Fund is managed by Morley with Valad Property Group acting as asset manager.

CEIF Fund Manager, Gil Bar said: “This is a very positive outcome in a challenging market environment and further endorses the quality of CEIF’s asset portfolio. BLP were also instrumental in enabling the Fund to achieve this complex refinancing.”

The BLP team was led by Real Estate Finance Partner, Jo Solomon and assisted by Eleanor Griffin and Stephen Moore.

If you require any further information, please contact Jo Solomon at jo.solomon@blplaw.com.

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