Trei Real Estate GmbH has taken out a long-term loan in a volume of €51 million through its Polish subsidiary, Trei Real Estate Poland from pbb Deutsche Pfandbriefbank, a German specialist lender for commercial real estate finance. The loan represents a cross-border financing arrangement and breaks down into two tranches of five and ten years, respectively. It is collateralised with 40 supermarkets from the existing portfolio of Trei Poland, the supermarkets being occupied by Biedronka. Trei intends to use the borrowed capital to finance its growth trajectory.

According to data from the Polish Council of Shopping Centers, footfall in shopping malls range from 62 to 73% when compared to last year’s numbers. The pandemic has changed the habits of Poles who are planning their shopping in a more thoughtful, cautious and safe way. In the new reality, small-format shops located close to home are attracting more visitors. By the end of May and after negotiations between owners and tenants had been completed, almost all shops in retail parks were operating. Some of these shops are now recording a turnover of 160% of pre-lockdown levels.

Trei Real Estate, a developer and asset holder for residential and retail real estate with activities across Europe, just opened the 17th retail park of its Vendo Park brand in Poland. The retail park is located in the city of Płock in the Masovian voivodeship. Płock has a population of around 120,000 residents and lies roughly 100 kilometres north-west of Warsaw. The total investment costs equal €6.7 million.