The joint venture between Partners Group and Peakside Capital Advisors has entered into a new financing partnership with mBank to support its City Point Okęcie project in Warsaw. Under the newly signed agreement, the bank has extended property development, investment and VAT credit facilities totalling over €15 million.
“This new partnership with mBank gives us access to a reliable source of financing, enabling us to deliver a state-of-the-art urban logistics facility in Warsaw’s suburb of Okęcie. We’re confident that it also marks the beginning of a fruitful long-term collaboration. The flexible financing structure has been tailored to match our project’s progress”, said Michał Nawrot, Head of Investments CEE, Peakside Capital Advisors in Poland.
“We aim to provide our clients with strong financial support for the development of commercial real estate projects in Poland, including in the warehouse sector, which holds enormous growth potential. We’re pleased to be part of such an innovative urban logistics project”, added Tomasz Niewola, Head of Structured Finance, mBank.
City Point Okęcie is a Build-to-Suit (BTS) development, comprising more than 11,000 sqm of warehouse space and office accommodation. The development is to adhere to the highest standards of sustainable construction, as certified by BREEAM, LEED, and alignment with the EU Taxonomy. The facility will be equipped with heat pumps and rooftop solar panels with a total capacity of 450 kWp. It will also feature an advanced Building Management System (BMS) to monitor and optimise energy and water usage.
The project is positioned in close proximity to Warsaw Chopin Airport on Kinetyczna Street, adjacent to the Warsaw Southern Bypass (S2 expressway) and the S79 expressway (connected with Marynarska and Sasanki Streets), with access to the airport apron on its northern side. The development is scheduled for completion in the summer of 2025.
Legal advisors in the financing process were DLP Duch, Lisicki & Partners and Deloitte Legal, with technical advice provided by ZIB Projekt.
