Coffee with Craig Show – daily CRE news covering the CEE region, with Craig Smith, Publisher and Founder of EuropaProperty.com and Winston Norman, Editor and Chief of EuropaProperty.com.
Clyde & Co to open an office in Poland
Global law firm Clyde & Co has announced that it will open an office in Warsaw following the hires of leading partners Arkadiusz Krasnodębski, Agnieszka Kulińska, Radoslaw Goral and a team of around 20 associates and counsel.
Agnieszka is currently a partner at the law firm Dentons in Poland, and Arek and Radek were previously partners at Dentons too. The team brings a multidisciplinary corporate and energy offering to Clyde & Co, with a particular focus on renewables.
This office opening marks the latest step in Clyde & Co’s expansion. Warsaw will be Clyde & Co’s eighth office in its Europe region, joining Milan, Dublin, Düsseldorf, Hamburg, Madrid, Munich and Paris.
Matthew Kelsall, Chief Executive Officer at Clyde & Co, comments: “Poland is Europe’s 6th largest economy and will be a significant player in the energy transition as it seeks to move away from fossil fuels and improve its energy security at pace.”
EBRD supports further development of wind energy in Poland
The EBRD is extending a financial package of up to PLN 126.1 million (€29 million equivalent) to Baltic Sea Polska II and C&C Wind both subsidiaries of Eurowatt Green Energy Group SA (Eurowatt) – to support the further development of renewable energy generation in Poland.
The Bank’s financing will be destined for the construction and operation of a 31.5 MW windfarm in Grabkowo, and the remaining sum of up to PLN 46.1 million (€10.6 million) extended to sustain the operations of the 37.5 MW EBRD-financed Orla windfarm. The EBRD’s financing will be complemented by equal co-financing from PKO Bank Polski.
The financing package concluded will enable Eurowatt to free up and recycle capital and reinvest equity into further renewables projects, including the possibility of more investments in central and eastern Europe.
Real Management secures funding for business growth and expansion
Real Management has been granted a business expansion loan of PLN 47 million (11 million euros) for its development activity by mBank.
“This is another step in our business strategy and proof that the capital markets see us as a trustworthy partner,” said Marcin Malka, CEO of Real Management S.A. “The loan also provides evidence of our strong, long-lasting cooperation with mBank.”
Arkadiusz Płociński, Vice President of Real Management S.A., commented: “We have secured plots of land for three logistic projects with a total area of about 200,000 sqm. And on the prime residential market, we are delivering the NeoNatolin development on a 36.5-hectare plot in Warsaw’s Wilanów district.