The financing panel at CEE Property Forum 2025, chaired by Dorota Wysokińska-Kuzdra, Senior Partner and Head of Corporate Finance & Living Services CEE at Colliers, offered a sharp look at how lenders and investors are navigating a more complex capital environment. Rather than revisiting familiar challenges, the discussion focused on the practical shifts reshaping funding strategies across CEE — from the rising cost of debt and the search for liquidity to the evolving role of bonds, banks, and alternative capital sources.

Deutsche Pfandbriefbank (pbb) has provided a €78 million investment facility to AB Tewox, managed by Lords LB Asset Management. The loan will refinance six retail parks and fund the acquisition of two new retail parks across multiple Polish locations.

LCP Poland, part of M Core, has signed a €40 million loan agreement with Erste Group Bank AG for the refinancing of the Emka Koszalin shopping centre, the company announced on LinkedIn.

Solida Capital Group has secured project financing from Santander Bank Polska for the conversion of a centrally located Warsaw office building, the company announced on LinkedIn. The project involves refurbishing and transforming the existing building into a modern 268-room aparthotel, which will be the first Staycity Group-operated property in Poland.

At the recent CEE Property Financing Update 2025, organised by Property Forum and CMS Poland, an expert panel convened to dissect the dynamics shaping real estate lending in CEE. Moderated by Csanád Csürös, CEO of Property Forum, and featuring insights from Beata Latoszek (Deutsche Hypo), Dieter Lobnig (Bank Pekao S.A.), Tomasz Niewola (mBank), and Hannes Wimmer (Erste Group Bank AG), the discussion illuminated the strategic responses of top lenders to evolving macroeconomic and market conditions.

GTC has priced €455 million senior secured notes due 2030 with a coupon of 6.50% per annum. The transaction was oversubscribed and attracted international institutional investors and Polish funds, including both existing noteholders and new investors.

Cavatina Holding has signed a €270 million credit agreement with a consortium of European banks, in what it says is the largest office portfolio refinancing transaction in the history of Poland’s regional markets. The company announced the deal on LinkedIn.

Nepi Rockcastle successfully issued a €500 million green bond that was eightfold oversubscribed, with an orderbook exceeding €4 billion from over 200 international investors.

Bellemonde has announced the launch of Bellemonde Privée, a new residential project in Pipera adding 52 villas to the growing community. The total investment amounts to €25 million, with approximately 65% secured through a financing partnership with Vista Bank.

7R, a warehouse developer, has completed the third phase of its green bond issuance, raising PLN 83.9 million (approximately €19.75 million). Since the beginning of this year, the company has obtained capital totalling approximately €77 million, marking progress within its €100 million bond program.