Retail parks and resi projects are willingly financed by banks

04
Apr
2025
News Article BNP Paribas financing interview Poland

by Michał Poręcki | Interview

Jolanta Sarnowska, Director of Real Estate Finance at BNP Paribas Polska, talked to Property Forum about the asset classes considered safe by banks in Poland, the impact of the ESG issues on financing availability and the current stance of the western investment funds.


For which projects do developers currently need financing most often? Which asset classes does BNP Paribas Bank Polska consider to be the most secure?

We are currently seeing a lot of interest in project financing in all segments of the real estate market, although the proportions have changed a little compared to previous years. Fewer new projects are being launched in the logistics and office sectors. In these areas, we most often see enquiries for refinancing or financing the purchase of existing assets.

In contrast, in the case of new projects, we have already seen high activity in the retail and residential sectors for several years. In the case of broadly defined residential projects, investors have become particularly active with an interest in the rental housing market (PRS) and the private student accommodation market. These are relatively young sectors compared to the others but are increasingly and willingly financed by banks.

At BNP Paribas Bank Polska, we are open to real estate financing in most asset classes. Location is key in our assessment and, in the case of rental projects, we also pay attention to the mix and quality of tenants, the length of leases and the investor's experience, among other factors. Regardless of the asset class, if the criteria listed are acceptable to us, we try to adjust the financing structure for the property in such a way that it is as close as possible to our customers’ expectations and, at the same time, in our opinion, safe for the bank.

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Latest news


New leases

  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.
  • De Heus, a producer of animal feed, which has built a strong presence in the Polish market, has leased 7,050 sqm of warehouse and office space at GLP Łódź III Logistics Centre. This is the first Class A warehouse of De Heus in Poland. The tenant was advised by specialists from Newmark Polska during the search for the right space and throughout the lease negotiations.
  • Endava has leased an additional 2,400 sqm in the UBC 1 building, part of the Palas Iași mixed-use complex owned by Iulius. This expansion brings its total office area to 5,500 sqm.

New appointments

  • Indotek Group has welcomed Viktor Nagy, who joined us in September as Head of Non-Retail Sales. With more than 20 years of experience in the real estate sector, Viktor has held leadership positions at international companies such as Immofinanz, EHL Real Estate Hungary and Atlas Estates. In his new role, he will be responsible for further developing our non-retail sales strategy and strengthening international relations.
  • Paweł Reszczyński has been promoted to Land Development Director and will be responsible for coordinating land acquisition and investment processes for new logistics and industrial projects. Developing the land bank remains a key pillar of MLP Group's long-term expansion strategy.
  • Oliver Derksen is joining iO Partners Romania as the new Head of Office Advisory, having over 16 years of expertise in office leasing and business development.


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