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.
Berlin Hyp AG and ING Bank Śląski S.A., which participated in the initial Posnania financing, have renewed their confidence in Apsys by participating in this refinancing alongside Société Générale and Deutsche Postbank AG.
In this transaction, Apsys and Foncière Euris, respective owners of 73% and 27% of Posnania capital, were advised by Stepling and the law firm Dentons; Linklaters represented the banking consortium Berlin Hyp AG, ING Bank Śląski S.A., Société Générale and Deutsche Postbank AG.
