News Article Bank Pekao financing Hillwood logistics Poland warehouse
by Property Forum | Industrial

Hillwood Polska has signed credit agreements with Bank Pekao S.A. for the construction of three warehouse projects: in Częstochowa, near Rawicz, and in Łazy near Warsaw, with a combined value exceeding €89 million.

Hillwood Polska and Bank Pekao have a long-standing partnership. Just last year, the bank provided financing for six Hillwood projects, totalling €155.4 million, supporting developments in locations such as Łyszkowice, Łódź, and Słubice.

The projects funded this year will bring a total of over 144,000 square meters of modern warehouse space to the market. Hillwood will also construct the necessary road infrastructure as part of its investments.

All logistics parks are certified under the BREEAM system as a commitment to sustainable construction and environmental stewardship. Hillwood Częstochowa Miasto project has already achieved an Excellent level BREEAM certification.

"We are delighted with our partnership with our banking partner. We greatly appreciate the professional service at every stage, especially the efficient negotiation of financing terms, swift credit decision-making, and the effective negotiation of credit documentation", said Hubert Michalak, President of the Management Board of Hillwood Polska.

"With projects in Łazy, Częstochowa, and Rawicz, we now have a total of 19 Hillwood investments financed by Bank Pekao. This demonstrates how important and strategic Hillwood Group is as a partner to Pekao. Just like with other logistics centers, Hillwood Częstochowa Miasto combines an excellent location with the highest ESG standards, confirmed by the BREEAM certificate, making it a perfect fit for Bank Pekao's strategy", said Łukasz Białecki, Director of the Commercial Real Estate Financing Office at Bank Pekao.