ARTICLES LABELLED WITH TAG refinancing

05
May
2017

Helaba and pbb provide €177 million loan to CTP

by Ákos Budai
Helaba and pbb Deutsche Pfandbriefbank, acting as co-arrangers, are providing a €177 million facility to developer and investor CTP for the refinancing of CTPark Bor, one of the Czech Republic's largest logistic parks. The loan is being financed in a club deal, with each partner providing 50% of the facility and Helaba acting as agent. The transaction closed in April 2017 and has a term of seven years. 
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12
Apr
2017

GTC secures €11.4 million for refinancing

by Ákos Budai
GTC has signed an €11.4 million investment loan with Berlin Hyp Bank for the refinancing of the previous loan agreement for the Corius office building. The Class A office building offers a total leasable area of over 9,700 sqm and is GOLD LEED certificated.
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14
Nov
2016

Appeninn refinances Biatorbágy property

by Ákos Budai
Appeninn Nyrt refinanced its Biatorbágy property under significantly more favorable conditions than before. The 5000 sqm property is occupied by the Hungarian subsidiary of Remmers. Appeninn intends to spend the released resources on further property investments and the distribution of dividends.
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20
Oct
2016

Budapest’s Four Seasons Hotel secures €50m refinancing

by Ákos Budai
Cushman & Wakefield’s EMEA structured finance team has secured a €50+ million refinancing for Budapest’s Four Seasons Hotel Gresham Palace on behalf of SAS Holding Kft, the owner of the hotel building.
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29
Sep
2016

Futureal Group and Erste Bank sign €10m credit agreement

by Ákos Budai
Futureal Group has successfully refinanced its Corvin Corner office building by signing a credit agreement with Erste Bank Hungary for €10.2 million
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22
Sep
2016

Three banks provide €163m refinancing for Rockcastle in Poland

by Ákos Budai
pbb Deutsche Pfandbriefbank, Helaba and ING Bank have jointly underwritten an investment facility, totalling €163.6 million, to refinance Karolinka, Pogoria and Platan Shopping Centres in Poland. The assets are owned by Rockcastle Global Real Estate Company Limited. The transaction closed in September 2016. pbb Deutsche Pfandbriefbank, Helaba and ING Bank are acting as Joint Lead Arrangers providing equal portions of the funding, with pbb acting as facility and security agent of the transaction. 
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15
Sep
2016

Three banks provide €210m refinancing for Wroclaw mall

by Ákos Budai
ING Bank, pbb Deutsche Pfandbriefbank and PKO Bank Polski have jointly underwritten and funded a €210 million term loan facility for Magnolia Park Shopping Centre. The refinancing of the mall, which is owned by real estate funds managed by Blackstone and managed by Multi Poland, is one of the largest real estate financing deals to take place in Poland this year. 
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10
Aug
2016

Immofinanz secures refinancing of Warsaw office building

by Ákos Budai
pbb Deutsche Pfandbriefbank provided an investment facility of €34 million to IMMOFINANZ. The proceeds will be utilized for the refinancing of the Nimbus office building in Warsaw. The transaction closed in July 2016. 
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10
Aug
2016

Adval attracts €6 million for refinancing Cascade Offices

by Ákos Budai
Adval Asset Management supported by JLL's Capital Markets team has successfully secured the refinancing of €6 million of Cascade Offices. Cascade Offices is a 4200 sqm office building delivered in 2005 and located on Buzesti Street, in the heart of the Central Business District of Bucharest. Among the main tenants, the project counts Procredit Bank, Enel and Taiwan TC.
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19
May
2016

Echo Investment obtains loans worth over EUR 317 million

by Ákos Budai
Warsaw-based developer Echo Investment has concluded two loan agreements worth over EUR 317 million with Berlin Hyp, ING Bank Śląski and Helaba – Landesbank Hessen-Thüringen. These investment loans will be used to refinance four office and seven retail projects.
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Latest news


New leases

  • A Polish logistics company has leased 1,500 sqm of warehouse and office space at MLP Business Park Poznań. MLP Group, the developer and owner of the urban logistics park, is to revitalise an old warehouse building that will be customised for the tenant. This facility should be ready at the beginning of Q4 2021.
  • Adara, a supplier of ingredients for the cosmetic and pharmaceutical industries, has leased 800 sqm of warehouse and office space in 7R City Flex Warsaw Airport I. The tenant was represented during the lease negotiations by real estate advisory firm Cresa.
  • A Polish IT company, STM Cyber Sp. z o.o. decided to lease over 300 sqm in the Business Garden office complex in Warsaw. The tenant was represented in the negotiation process by AXI IMMO. The owner of the complex is Vastint.

New appointments

  • Karolina Furmańska has joined the Consulting & Research team of Cushman & Wakefield Poland as a Senior Residential Analyst with responsibility for advisory to PRS clients. Prior to joining C&W, she was a member of JLL’s Living Investment Team, which was responsible for transaction advisory comprising rental apartments, purpose-built student accommodation, co-living and other income-producing assets in the residential sector.
  • JLL Hungary has appointed Balázs Agócs as Workplace Strategy Director from April 2021. JLL will expand not only with another leadership position but also with the Workplace Solutions service line. In his new role, Balázs will help JLL's customers to make faster and more efficient workplace- and real estate strategy decisions. He will closely cooperate with the teams of Tenant Representation and Project & Development Services.
  • Razvan Botezatu has been named Operations Manager of Romanian real estate developer Nordis Group. He will oversee the development strategy of the company. He has 10 years' worth of experience in the corporate sector. The group develops luxury residential and hotel projects in Bucharest and regional cities.


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