Immofinanz secures financing for Warsaw office portfolio
Berlin Hyp and Erste Group Bank have jointly provided Immofinanz a five-year secured loan in the amount of €205 million. The syndicate is providing Immofinanz a “one stop” portfolio-refinancing for their office portfolio in Warsaw and is thus replacing seven existing, individual real estate loans. Agent for this transaction is Berlin Hyp.
The portfolio consists of seven office buildings in Poland's capital. Specifically, these are the Park Postepu office building, Nimbus, Brama Zachodnia, Equator, Crown Point and the Crown Tower. The portfolio has a total lettable area of around 140,000 sqm and has been owned and managed by Immofinanz for several years.