News Article financing office pbb Poland Warsaw Yareal
by Property Forum | Investment

Yareal Polska has announced the successful closing of a €45 million investment loan, with a term of 5 years, from pbb Deutsche Pfandbriefbank (pbb).

This financing will enable Yareal to optimize its financial structure, primarily through refinancing the LIXA C office building. Additionally, it will provide the necessary capital for new land acquisitions.

“This is a testament to our organisations' mutual trust and professionalism and the beginning of a promising long-term partnership. We share a common vision that encompasses green solutions, ESG standards, wide-ranging flexibility, and the significance of expansive green spaces in contemporary office buildings”, Nicolas Benhaim, Vice-President of Yareal Polska, and Dieter Knittel, Managing Director & Head of CEE for pbb, commented jointly on the collaboration.

“We are thrilled to have secured this partnership with pbb Deutsche Pfandbriefbank, a pivotal moment for our organization. We will continue in our pursuit of optimizing our financial resources in line with our objectives,” added Marek Esz, Deputy CFO of Yareal Polska.

Both companies were supported by financial advisors CBRE and legal counsels from Gide Loyrette Nouel and BSJP BNT Brockhuis Jurczak Prusak Sroka Nilsson Zamorska.

The LIXA C office building, boasting 20,000 sqm of useable area, is a significant part of the LIXA campus. Designed by HRA studio, this property is located in the heart of Warsaw's business center, the Wola district. It is just a short walk from the Rondo Daszyńskiego metro station. Presently, it is 100% occupied.