Apsys has secured the long-term refinancing of Posnania, its flagship project in Poznan, with Berlin Hyp AG, ING Bank Śląski S.A., Société Générale and Deutsche Postbank AG. This refinancing amounting to €260 million in total is one of the largest ever granted in commercial real estate in Central Europe. The project's initial financing during the development phase in 2014 already set a record in this area.
"The long-term refinancing of Posnania is an important step for Apsys and will allow us to accelerate our ambitious 5-year development plan: the creation of 300,000 sqm of iconic projects in France and in Poland, in line with Manufaktura, Beaugrenelle and Posnania, " says Fabrice Bansay, CEO of the Apsys group.
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