A consortium of BNP Paribas Bank Polska and Bank Pekao has issued a €160 million investment credit to refinance Mennica Towers, a premier office complex in Warsaw. The transaction marks a strategic shift for the asset, as Mennica Polska has now assumed 100% ownership of the development following the deal.

Industrial developer Panattoni has secured a €42 million loan from BNP Paribas Bank Polska for the construction of two warehouses as part of the Panattoni Park Szczecin Trzebusz II complex.

REINO IO Piotrków Allegro BTS, a modern build-to-suit logistics facility of some 27,000 sqm in Piotrków Trybunalski, developed for Allegro, has been financed as a green loan granted by BNP Paribas Bank Polska, REINO IO Logistics announced on LinkedIn.

Speedwell has secured its first loan in Poland — a PLN 100 million financing agreement with BNP Paribas Bank Polska for the development of Milestone Warsaw Mokotów. This project marks Speedwell’s first locally financed investment in Poland and the first purpose-built student accommodation (PBSA) in Warsaw under the Milestone brand.

Panattoni has secured financing from BNP Paribas. The €40 million loan will support the development of Panattoni Park Sosnowiec IV. The investment will comprise nearly 63,000 sqm across two buildings, with over half of the space already leased to a big retail chain.

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.

Investment in the hotel sector is experiencing a significant upswing, with Romania witnessing a 56% increase in 2024 versus 2023, reaching €69.3 million. This trend aligns with a broader European surge, where hotel investments reached €20.5 billion, marking a 70% rise and establishing hotels as the leading asset class.

Panattoni has been granted a loan for the development of a new distribution centre for a large retailer. The €36.5 million loan was granted by BNP Paribas. The BTS centre is to be built in Szczecin and will comprise an area of over 54,000 sqm.

MLP Group has completed a transaction with BNP Paribas Bank Polska S.A., securing financing of €21.5 million. The funds will be used to refinance the construction of a 34,600-square-meter warehouse facility at the MLP Pruszków II logistics centre. Legal advisory for the bank was provided by Kycia Legal Banking Finance.

Industrial developer CTP has announced the signing of a 5-year €500 million unsecured syndicated sustainability-linked loan facility at a fixed all-in cost of 4.7%. At the same time, the company launched a concurrent tender offer which will enable the group to repurchase short dated bonds with a total nominal amount of €500 million.