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CMS Sofia advises OTP Bank and DSK Bank on the EUR 84 million refinancing of The Mall shopping centre

06/03/2020

OTP Bank and DSK Bank have signed a term loan facilities agreement with The Mall regarding the refinancing of the existing exposures of the borrower, a leading shopping centre in Bulgaria. The transaction was closed at the end of February 2020. The Mall has a gross leasable area of over 51,000 square metres.

An international CMS team led by partner Dimitar Zwiatkow advised OTP Bank and DSK Bank on all legal aspects of the transaction. CMS Netherlands was also involved in the deal.

The Mall is owned and operated by Hystead Limited, a real estate investment company investing in high-quality dominant regional shopping centres throughout continental Europe with a particular focus on Southeast Europe. The company's portfolio is valued at over EUR 740 million with an aggregate gross leasable area of 227,589 square metres.

CMS has advised OTP Group on several occasions in Bulgaria and the CEE region in the past.

CMS Netherlands
Eduard Scheenstra, Partner
Giulia Wientjens, Attorney-at-law

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