by Property Forum | Investment

Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility totalling €230 million to refinance Warsaw Spire Tower. The asset is owned by Immofinanz. The financing transaction closed in September 2019. Helaba, Berlin Hyp and pbb are acting as joint lead arrangers providing equal portions of the funding, with Helaba acting as facility and security agent of the transaction.

The Warsaw Spire complex consists of 3 buildings totalling 115,000 sqm of GLA. The main building, Warsaw Spire Tower, is with its heights of 220-metre and a hyperboloid glass façade one of the iconic building on the Warsaw skyline neighboured by two 55-metre auxiliary buildings.