UniCredit Bank Austria has completed a USD 240 million refinancing for O1 Properties

  • Syndicate of banks also includes UniCredit Bank Russia and Gazprombank
  • Refinancing of Ducat Place III in the Central Administrative District of Moscow, a premier office scheme for international companies

On behalf of a syndicate of banks, UniCredit Bank Austria AG announces the completion of the refinancing of Ducat Place III in Moscow, Russia. It is recognized as one of the prime office centers in Moscow located at 6 Gasheka street, in the Central Administrative District of Moscow having a total area of 46,085 square meters and a net rentable area of 33,251 square meters.

UniCredit Bank Austria AG, ZAO UniCredit Bank and Gazprombank have jointly underwritten a USD 240 million senior facility to refinance Ducat Place III office building. The building is owned by O1 Properties. UniCredit is acting as agent of this financing transaction, with the underwriting of the facility being provided by UniCredit Bank Austria, ZAO UniCredit Bank Russia and Gazprombank.

Lukasz Motyl, Head of Real Estate Finance CEE at UniCredit Bank Austria AG said: "Looking at Russia, Moscow, is one of the most attractive real estate markets. Together with our local subsidiary, UniCredit Russia, we are providing financing for our key clients such as O1 Properties, being the leading local office investor. With regards to the Ducat office project and its strong investment quality it worked out smoothly to make up a solid financial base."

UniCredit is a leading European commercial bank with strong roots in 20 countries. Our overall global network embraces approximately 50 markets with nearly 9,080 branches and more than 150,000 employees (as of 30 June 2013).
In the CEE Region, UniCredit runs the largest and most diversified international banking network with more than 3,600 branches (Poland included).
The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine (as of 30 June 2013).

Enquiries: UniCredit Bank Austria Press Office CEE
Tiemon Kiesenhofer, Tel. +43 (0) 50505 - 56036
E-mail: tiemon.kiesenhofer@unicreditgroup.at