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    Reference: 20060484
    Release date: 28 March 2007

    Promoter – Financial Intermediary

    CTP Invest Spol s.r.o.

    Location

    Description

    The project consists of developing industry, logistic and business parks in the Czech Republic, excluding Prague, and mainly in Brno, Ostrava and Plzen (and soon Pardubice). CTP will manage these properties as long-term leases to renowned customers active in the Czech market (industries and services).

    Objectives

    The project will result in improving the regional economic bases and productivity growth, as well as purchasing power, as incoming local and foreign investors will move in to the (mostly built-to-order) constructions.

    Comments

    Real Estate, Renting and Business Activities

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to EUR 462 million.

    Total cost (Approximate amount)

    EUR 900 million.

    Environmental aspects

    Current environmental impact legislation in the Czech Republic is based on the EIA Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Competent Authority has decided that no formal EIA is required. Full environmental details will be assessed during the appraisal, including possible impacts on protected flora and fauna (Habitats' 92/43/EEC and Birds' 79/409/EEC Directives).

    Procurement

    EU Procurement Directives have been transposed into the national legislation and appropriate procedures will be applied for tendering of services, supplies and works.

    Status

    Signed - 13/12/2007

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Czech Republic Services Industry