Coffee with Craig Show – daily CRE news covering the CEE region with Publisher Craig Smith and Winston Norman, Editor & Chief of EuropaProperty.com.
ELI secures €155 million financing for Polish logistics portfolio
European Logistics Investment, a logistics platform on the Polish market owned by Redefine Properties, Madison International Realty, and Griffin Capital Partners, has signed a €155 million loan agreement with pbb and Helaba banks. The funds will be used to refinance eleven properties of ELI’s logistics portfolio in Poland.
“ELI’s logistics projects provide outstanding road connectivity and exceptional value for businesses,” said Artur Gniazdowski, Senior Vice President of Finance at Griffin Capital Partners. “Having the support of prestigious banking institutions like pbb and Helaba has further affirmed the exceptional quality of our assets through the granting of a loan facility.”
Pieter Prinsloo, Chief Executive Officer at European Logistics Investment, added “Securing long-term financing from Helaba and pbb will not only sustain our momentum but also empower the company to achieve its ambitious expansion objectives.”
“This partnership demonstrates our commitment to supporting growth and sustainability in the logistics sector,” said Dieter Knittel, Head of CEE at pbb. “We have carefully assessed ELI’s capability to capitalize on market opportunities and manage a growing investment platform, which is precisely why we have committed to support its further development,” said Georg Blaschke, Head of Real Estate Finance CEE and Benelux at Helaba.
Atenor gets €38 million green loan for Warsaw revitalization project
Atenor signed one of the first green loan transactions, totalling €38 million in collaboration with BNP Paribas Bank Polska and Santander Bank Polska.
This financing will revitalize the Lakeside office building, spanning 24,000 sqm in Warsaw’s Mokotów district. Lakeside meets EU Green Taxonomy standards with its energy efficiency; it has also been awarded Outstanding BREEAM certification.
This green loan, guided by the Green Loan Principles, aligns with Atenor’s Green Investment Frameworks, validated by external advice from ISS ESG.
Hagag buys resi development in Bucharest
Hagag Development Europe has purchased a residential complex under development in Eastern Bucharest, located on a former industrial platform. The project rebranded as H East Residence features 500 apartments.
“We are talking about an area that has seen, over the past three years, a significant evolution in terms of demand,” said Yitzhak Hagag, Co-founder, and Chairman of the Board of Hagag Development Europe.
The complex will deliver seven residential buildings serviced by 824 parking spaces, alongside more than 5,000 sqm of commercial space and around 5,200 sqm of green areas.
The first phase of the development is slated for completion in 2025. The general contractor for H East Residence is BTDConstruct & Ambient, while project management is provided by Vitalis Consulting.
