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.

Panattoni has secured €30.5 million in financing from PKO Bank Polski for the development of Panattoni Park Sosnowiec V, a warehouse and logistics complex in the Silesian Voivodeship.

StudentSpace, a student housing platform, has secured PLN 177.8 million in financing from Bank Pekao S.A. to support the development of three modern student dormitories in Kraków. Since its inception in 2024, the platform has actively acquired land for future developments. It is currently delivering three projects across two locations in Kraków, which will be ready to accommodate over 1,200 students starting from the upcoming academic year.

DL Invest Group has completed its first public Eurobond issuance, raising €350 million with investor demand exceeding the offering volume by over 60%. This marks one of the largest international debt market debuts by a Polish developer, highlighting growing confidence in Poland’s commercial real estate sector. The five-year bonds will be listed on the Luxembourg Stock Exchange, with Citi acting as Sole Global Coordinator, Sole Bookrunner, and Sole Ratings Advisor.

Deutsche Pfandbriefbank AG (pbb) is accelerating the execution of its Strategy 2027 by withdrawing from the US market and focusing entirely on Europe. The move is intended to streamline operations and channel resources into more profitable, stable markets. The bank will wind down, securitise, or sell its €4.1 billion US portfolio, which has an average remaining maturity of 2.5 years.

Panattoni has secured financing for the construction of the third and final hall at Panattoni Park Warsaw West. The €10.2 million loan was granted by Erste Group Bank AG.

The Polish real estate finance landscape is undergoing significant transformation, driven by new regulatory frameworks, sustainability requirements, and evolving market dynamics. A recent panel discussion at Property Forum's Future of Real Estate 2025 conference in Warsaw featuring top banking and real estate experts revealed the complex challenges and opportunities facing the sector.