CEC Bank has provided €36 million financing to Veranda Obor, owner of Veranda Mall shopping centre. The facility will refinance existing exposure, support development plans and enable capital distributions to shareholders.

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.

Futureal, owner of the Etele Plaza shopping centre in Budapest, has signed a €165 million loan agreement with a consortium comprising Erste Bank Hungary, Erste Group Bank and UniCredit Bank Hungary. The refinancing extends the loan maturity to 2035.

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.

HB Reavis has completed a €510 million refinancing of Varso Place, its flagship Warsaw development, with two new banks joining the credit consortium. The financing increased by €35 million from the previous €475 million loan on improved terms.

Real estate owner GTC has secured a refinancing loan of up to €84 million from J&T Banka for Galeria Północna, one of its landmark retail assets in Warsaw. The five-year facility will strengthen the company’s liquidity and support the acquisition of the remaining stake in its German residential portfolio, the company announced on LinkedIn.  

Erste Group Bank AG has provided a €85.5 million refinancing facility for Argeş Mall in Piteşti, developed by Prime Kapital.

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.