NY-ARCO-CAPITAL

UniCredit Bank Austria AG and UniCredit Bulbank AD have jointly underwritten a € 103.3 million senior facility to refinance Business Park Sofia (BPS), the largest office park in Southeastern Europe. The transaction closed in June 2015.

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The facility is being jointly provided by UniCredit Bank Austria AG and UniCredit Bulbank AD as mandated lead arrangers and underwriters. UniCredit Bulbank AD is acting as facility and security agent, account bank, and hedge provider of this transaction.

The Business Park Sofia office complex consists of fourteen Class A modern buildings, located in the prime location for business in Sofia. The total built-up area is 187,000 m² and is fully leased to more than 150 international tenants and accommodating more than 11,000 employees. The business park comprises more than fifty percent of Sofia’s central business district currently leased Class A office space. Also, further development of buildings and infrastructure within the park is under consideration.

Lukasz Motyl, Head of Real Estate CEE, at UniCredit Bank Austria AG, said: "We are very pleased to have worked with our partner to support the financing of what is the premier office park in Southeastern Europe. We are very happy that we had a chance to expand our lending relationship with BPS, and its fund sponsor Arco Capital Corporation Ltd., and are looking forward to continue supporting them as they grow their business not only at BPS, but also in the CEE region. The financing of BPS at current time is also a very good example that with appropriate expertise and local know how – in this case provided by UniCredit Bulbank‘s Real Estate Financing team – it is always a good time to finance long term sustainable projects backed by reputable Sponsors.”

Francesco Piovanetti, Chief Executive Officer of Arco Capital Corporation, added: “Arco Capital Corporation, Business Park Sofia and UniCredit have had a longstanding relationship and we are pleased to continue this cooperation. The consolidation of numerous legacy facilities into one master facility, combined with the addition of a strong partner in UniCredit, further enhances BPS’s operational and financial standing. The transaction will increase our leading position in the Sofia institutional office market and solidify our overall flawless financial performance. This is another fine example of how UniCredit is the only pan-CEE financier with the foresight and shrewdness to finance distinctive projects like BPS; only a limited number of sophisticated financiers are able to capitalize in opportunities like this.”

Notes to Editors:

UniCredit Bank Austria (www.bankaustria.at ) has been a member of UniCredit, one of the largest European banking groups, since 2005. The bank maintains an extensive network in Austria, with about 9.400 employees serving customers in some 235 branches. Bank Austria serves as UniCredit's hub for the banking network in Central and Eastern Europe, a region where the Group is the clear market leader with almost 2,500 branches in 14 countries (as of 31 March 2015). The CEE Division operates through Bank Austria which acts as sub-holding company of the Group and is responsible for overseeing the Group's banking activities in the CEE region, excluding Poland which is under management of UniCredit.

UniCredit Bulbank (www.unicreditbulbank.bg ) is the biggest Bulgarian bank in terms of assets, exceeding BGN 15.3 billion as of March 2015. The Bank is servicing over one million individual clients and households, high profile private customers, small and mid sized businesses, larger domestic and multinational corporates, municipalities and budget enterprises.

Business Park Sofia (www.businesspark-sofia.com ) is the first business park in Bulgaria and the largest office park in Southeastern Europe. The facility accommodates some of the most successful businesses in diverse industries. The park is designed to provide efficiency, flexibility and convenience to corporate tenants of any size and scope. It is a genuine multifunctional high-tech business park, which combines essential business components and related sectors in a vibrant community.

Arco Capital Corporation Ltd. (www.arcocapital.com ) is an international finance company that engages in mid-market commercial, infrastructure and real estate financing activities in select emerging markets. Arco is externally managed by Bond Street Management (BSM). BSM is a credit investment platform that serves global markets - leveraging its years of market insight, deep relationships and proven investment acumen.

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Contact:

For Arco Capital
Media Relations, Tel. +1 787-993-9650
arcoinfo@arcocapital.com
or
For UniCredit
UniCredit Bank Austria Press Office CEE
Tiemon Kiesenhofer, Tel. +43 (0) 50505 – 56036
tiemon.kiesenhofer@unicreditgroup.at

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