European Property Group

complete

The project will involve the expansion of the portfolio of a key developer in the Prague property market via acquisitions and developments of office, retail and mixed development commercial property projects. The main project objective is to provide equity finance to support the expansion of the property portfolio of EPG in and around Prague. The transaction will encourage the development of a secondary property market through planned IPO and through acquisitions of completed properties. The transaction will facilitate know-how and technology transfer to the local development and property management sectors, which will stimulate greater competition in the property sector. The project will help in upgrading the skills of local subcontractors to enable them to produce construction works to international standards. European Property Group (EPG) will be the holding company for all the companies affiliated with the European Property Development (EPD). EPD and its affiliates have been active in the development of commercial property in Prague since 1990. EPD is today one of the main developers in the Prague property market and the only large independent developer. EPD is planning a capital increase through EPG in order to provide the necessary equity to pursue its expansion strategy and to streamline its existing business. For more details please refer to www.epgroup.cz CHF 55 million (EUR 34 million) equity investment resulting in 23.7 per cent ownership of the company upon full subscription. CHF110 million (EUR 68 million). The project was screened B/0, requiring an environmental analysis of the impacts associated with the construction, equipment and operation of the commercial property. The analysis highlighted the following issues: None.