News Article financing Globalworth office Poland retail Warsaw
by Property Forum | Investment

Globalworth has been granted significant funding in the form of a €145 million bank loan for three flagship properties in Warsaw.

The financing covers the Skylight and Lumen buildings on ul. Złota, as well as the Hala Koszyki - a mixed-use property with a large food hall. The loan has been granted by a reputable German bank for a period of seven years.

“Successful fundraising is the best evidence of the capital market’s trust in our company and the business strategy we have adopted. We are positively regarded not only by our tenants but also by financial institutions, confirming Globalworth’s credibility as a trusted business partner. The funds obtained will be allocated to the repayment of other financial obligations of the group, further enhancing its liquidity profile” says Rafał Pomorski, Managing Director - Finance & Operations at Globalworth Poland.

Globalworth, the owner and manager of the aforementioned buildings, received legal advice in the financial negotiations from Dentons while the financial institution was legally represented by DLA Piper.

The Skylight & Lumen buildings were developed in accordance with sustainable construction standards and are BREEAM certified with a rating of ‘Excellent’. They also possess a  WELL Health & Safety 2022 rating. Together, they provide over 49,000 sqm of  office space. The buildings are characterised by their location in the heart of the Central Business District, which gives them easy access to public transport and the Warsaw Central railway station as well as to a wide range of businesses, hotels, entertainment and culture.

Hala Koszyki was built over 100 years ago on ul. Koszykowa in Warsaw on the site of the former Koszyki farm. Designed in the Art Nouveau style by Juliusz Dzierżanowski, it was only restored to the city in the autumn of 2016 as a meeting and culinary point.. The complex comprises 15,000 sqm of office space as well as 6,500 sqm of retail space. The building also has a BREEAM certificate with a rating of ‘Excellent’.