pbb and Helaba refinance €107.5m in Prague for Caerus

Futurama Business Park, Prague.

Caerus Investment Management has refinanced €107.5 million borrowed against the Futurama Business Park in Prague. pbb Deutsche Pfandbriefbank and Helaba have jointly underwritten the facility on the 47,000 sq m building which has been refinanced on behalf of a separate account client of Caerus.

pbb and Helaba, acted as joint lead arrangers and are providing equal portions of the funding. pbb also acted as facility and security agent.

Futurama Business Park comprises five multi-tenanted office buildings completed in three phases between 2009 and 2017. Tenants include Deutsche Börse/Clearstream, BASF and Roche pharmaceuticals.

Caerus IM managing director Christopher Millen said that the decision to refinance the building was made pre-COVID. “Despite challenging times, both banks remained committed to seeing through this important transaction for both Caerus IM and our client.”

Caerus Investment Management is a boutique private equity real estate investment firm headquartered in Zurich, Switzerland with offices in London and Prague. It has AUM of €350 million.