CVI provided EUR 25 million in financing to Lucron, which will be used to support the development of the Nesto project, one of the largest development undertakings in Bratislava. The project’s ambition is to create a fully-fledged urban district with comprehensive infrastructure.

The transaction was assessed against CVI’s stringent criteria and was preceded by a comprehensive due diligence process. Approximately six months passed from the initial contact to closing, with the final phase completed within a matter of weeks.

“We are pleased to welcome Lucron to our investment portfolio and look forward to following the further development of the Nesto project” said Piotr Goclowski, Partner and Head of Real Estate at CVI.

“This investment in Bratislava is another example of how flexible debt capital can effectively respond to the needs of companies delivering large-scale projects with long-term importance for local markets” said Radoslav Tausinger, Head of Czech & Slovak Office CVI.