ARTICLES LABELLED WITH TAG refinancing

A consortium of banks, Santander Bank Polska and Helaba (Landesbank Hessen-Thüringen), has granted AFI a €120 million loan to refinance four PRS projects under the AFI Home brand in Warsaw, Kraków, and Wrocław. This is one of the largest PRS financing transactions in Poland to date. 

Echo Investment has secured refinancing worth €61.4 million for the Libero Katowice shopping center. The loan was granted by a consortium consisting of Bank Pekao S.A. and PKO Bank Polski S.A. The entire retail space at Libero is leased – the center features over 150 stores and service outlets.

Deutsche Pfandbriefbank AG (pbb) has underwritten an investment facility, totalling €120 million to refinance a logistics portfolio located across Poland for EQT Real Estate. pbb acted as arranger and sole lender under the facility.

Henderson Park and EPP have successfully secured a €148.6 million loan from Berlin Hyp AG and PKO Bank Polski to refinance a Polish office portfolio. The three assets, which comprise the Malta Office Park in Poznań, the O3 Business Campus in Kraków and the Symetris Business Park in Łódź, are owned in joint venture by Henderson Park and EPP.

pbb Deutsche Pfandbriefbank (pbb) has underwritten an investment facility for a retail portfolio in Poland for Pine Bridge Benson Elliot. The portfolio consists of three shopping centres in Łódź, Toruń and Kraków in Poland. 

Weerts Group, the developer of the Unirii View Tower office building in Bucharest, has secured a credit facility worth €29.5 million from BCR. The funding will be used to refinance a previous loan for the office project's development. 

Real estate financing has been facing various challenges including the need for more bank and debt fund participation, better understanding and collaboration between Eastern and Western Europe, and last but not least exploring opportunities in new real estate sectors, such as data centres, and developing financing solutions for these emerging asset classes. Outlooks and solutions have been discussed at the financing panel of CEE Property Forum 2024 in Vienna.

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.

Mitiska REIM has secured a €40 million refinancing with mBank for a portfolio of four Polish food-anchored retail parks. Representing a combined gross leasable area (GLA) of nearly 34,000 sqm, the convenience centres are located in the cities of Września, Turek, Lubliniec and Wodzisław Śląski, and were developed by Mitiska REIM’s Polish partner, Karuzela Holding, and are owned in joint-venture with the FRI 2 fund.

CPI Property Group Poland has successfully concluded a green refinancing transaction with Aareal Bank amounting to more than €277 million for three office properties in Warsaw.