Dentons has advised Ceska Sporitelna on its EUR 113 million refinancing of Zeitgeist Asset Management’s residential real estate portfolio. BNT Attorneys reportedly advised Zeitgeist.
"The deal will enable Zeitgeist to ensure the financial stability of its current portfolio for the next 10 years," Dentons announced. "Through its financing of this project, Ceska Sporitelna demonstrates its support of quality alternatives to home ownership, by bringing more stability into the Czech rental market."
Erste Bank’s subsidiary Ceska Sporitelna provides services to individuals and small and medium-sized enterprises.
Prague-headquartered Zeitgeist Asset Management specializes in development services and asset management for private and institutional investors. The company has operations in the Czech Republic, Poland, Hungary, and Germany.
The Dentons team was led by Partner Daniel Hurych and included Counsels Martin Mandulak and Jana Malkova Zelechovska and Associates Martin Fiala, Samuel Bodik, Jan Blazek, and Leontyna Bartova.
