ARTICLES LABELLED WITH TAG financing

Neinver and Nuveen Real Estate have successfully raised around €170 million in debt financing for the Polish portfolio of Neptune, a joint venture between Neinver and TIAA.

MLP Group has established a relationship with the German banking institution Aareal Bank AG, whereby the latter has committed funds of over €63.5 million. The borrowed funds will be applied to refinance the MLP Poznań West project and to finance new investment projects undertaken by the MLP Group.

The opening panel of European ESG Property Forum 2023, which took place last week in Warsaw, has shown that the best stimulator to implement ESG strategies in the property market are always the financial and legal regulations.

MLP Group has successfully placed €29 million worth of bonds with 36 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.

Panattoni has been granted a €64 million loan by Bank Gospodarstwa Krajowego for yet more projects. The financing is to be used to develop a complex for Poczta Polska in Radzymin as well as two buildings within Panattoni Park Grudziądz.

The investment panel at Prague Property Forum 2023 focused on investment opportunities and financing. While banks emphasized that they are ready to lend money, perhaps more cautiously, investors talked more about waiting for the right moment when investment opportunities appear. The great potential of the Czech market is mainly in the local money and local investors, which gives the market stability, participants agreed.

Panattoni has been granted financing for Panattoni Park Lublin II with an area of around 84,000 sqm. The €48 million loan was granted by Bank Pekao SA.

GTC has appointed Barbara Sikora, an experienced financial leader to head the financial activities of the group. She will replace Ariel Ferstman after he moves to lead GTC's expansion in new sectors and markets focusing on M&A, fundraising and capital markets.

Panattoni launched the construction of Panattoni Park Lublin IV in March. Eventually, the centre will comprise almost 55,000 sqm. The main support for the development is €32.8 million of financing from Alior Bank.

Panattoni is building another strategic development for the Warsaw market. The developer has been granted €57 million in financing from Bank Pekao SA for the development of Panattoni Park Nadarzyn II, which is to become one of the largest business and industrial platforms in the region.