EUR 126 Million Refinancing of MANTA d.o.o.

We are pleased to announce that our firm acted as legal counsel to MANTA d.o.o., part of the Hyprop Investments Limited group, one of South Africa’s leading real estate investment trusts (REITs), and owner of City Center one East and City Center one West in Zagreb, in connection with the EUR 126 million loan facility granted by Erste & Steiermärkische Bank d.d. (Erste Bank), acting as lender.

The financing transaction, primarily aimed at refinancing existing financial obligations, represents a significant financing undertaking in the Croatian commercial real estate sector. The new financing structure provides an opportunity to optimise the capital structure and extend the maturity profile of the existing debt, supporting the long-term financial stability of the underlying assets.

Our mandate encompassed the negotiation of the facility documentation, preparation and negotiation of the relevant security documentation, as well as providing comprehensive legal support throughout the transaction closing process, including the prepayment of the existing indebtedness and the subsequent release and deregistration of the existing pledges and mortgages.

Our team comprised Damir Topić (Senior Partner), Emir Bahtijarević (Managing Partner), Sanja Kumar (Senior Attorney) and Josipa Banožić (Attorney), who acted as legal counsel to MANTA, in its capacity as borrower. Bardek, Lisac, Mušec, Skoko i partneri d.o.o., in cooperation with CMS Reich-Rohrwig Hainz, acted as legal counsel to Erste Bank, in its capacity as lender.

We are proud to have advised our client on this significant transaction and to have contributed our expertise to its successful completion.

We would like to thank our client and all parties involved for their trust, professional cooperation and constructive approach throughout the transaction.