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17.7.2012

Raiffeisenbank to Give Almost 3/4 Billion for the Construction of the Office Complex, Nová Karolina Park, Ostrava

Raiffeisenbank a.s., together with Raiffeisenlandesbank Oberösterreich AG, have granted an investment loan to New Karolina Office Development, a.s. Totalling up to CZK 715 million, the loan will be used for the construction of an office complex known as Nová Karolina Park, Ostrava.
“Raiffeisenbank is a traditional partner in funding development projects on the Czech market. Given the rather unclear situation on the current market, we would like to cooperate with experienced and strong partners to further strengthen our position,” said Tomáš Gürtler, Real Estate Finance Director, Raiffeisenbank.
The project is a joint investment of three major investors: PASSERINVEST GROUP, GEMO OLOMOUC, and Multi Development Czech Republic. “During the negotiations, we appreciated the Raiffeisenbank team’s capabilities of delivering workable solutions. We are pleased to see that our project has won support of an experienced financial partner, said Ondřej Plocek, Member of the Board, PASSERINVEST GROUP.
The office building of Nová Karolina Park is a unique architectural project, sensitively set amidst a newly urbanised area which forms an imaginary gate opening from the historical heart of Ostrava. Nová Karolina Park offers almost 25,000 square metres of prime office space spread over 6 above-ground storeys complete with another 4,000 square metres of shops, services and catering facilities. Aside from the attractive office space with the option of flexible floor area partitioning, the building will have 280 parking spaces on the underground storey.
Nová Karolina Park is scheduled to be completed and officially open at the end of 2012 and 1Q 2013 respectively. It will achieve a BREEAM rating for green buildings. 
www.novakarolinapark.cz

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Kristýna Samková

Head of PR and Marketing department

Kamila Žitňáková

Crest Communications a.s.

PASSERINVEST GROUP, a. s.

Passerinvest Group (hereinafter Passerinvest) is a purely Czech builder and investor. The company was founded by Radim Passer back in 1991 and has since then acquired a lot of experience in the construction of office and commercial buildings, residential buildings and civic amenities.
Since 1998, Passerinvest, as a responsible urban developer, has primarily been connected with Brumlovka (BB Centrum) in Prague 4, which is one of the most successful and extensive urban projects not only in the Czech Republic, but throughout all of Europe. Another important project in the company’s portfolio is Nové Roztyly, a brownfield of the former slaughterhouses of the Interlov complex where, in the future, a place with pleasant housing with a large park should arise, complemented by services for the general public and an office function. The principles of urban construction and the long-term sustainable development of Prague and the Czech Republic are part of Passerinvest Group’s vision. Thanks to its responsible approach, Passerinvest has built a very good reputation both on a domestic and on an international level. This is not only to the credit of the quality of the realised projects and the high level of the provided services, but also to the sense of fair play, a customer approach and also its responsibility to the society and the environment.