News Article Berlin Hypo Ghelamco Helaba Office Pbb Poland Refinancing Warsaw
by Ákos Budai | Office

Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility totaling €370 million to refinance the Warsaw Spire Office complex. The assets are owned by the newly established Ghelamco European Property Fund. The transaction closed in August 2017. Helaba, Berlin Hyp and pbb are acting as joint lead arrangers providing equal portions of the funding, with Helaba acting as facility and security agent of the transaction.

The Warsaw Spire complex consists of 3 buildings totalling 115,000 sqm. The main tower, Warsaw Spire A, with its heights of 220 metres is neighboured by two 55-metre auxiliary buildings, Warsaw Spire B and C.