DL Invest Group has completed its first public Eurobond issuance, raising €350 million, with investor demand exceeding the offering volume by over 60 percent, resulting in a significant allocation reduction. The overwhelming interest from international investors far surpassed expectations and confirms the Group’s strong position in the capital markets. This marks one of the largest debuts by a Polish developer on the international debt market, signalling that Poland’s commercial real estate sector has entered a new era of growth and investor confidence.
The issuance was carried out with the support of Citi, acting as Sole Global Coordinator, Sole Bookrunner, and Sole Ratings Advisor. The bonds, with a five-year maturity, will be listed on the Luxembourg Stock Exchange.
“Such a strong market response is the best proof that DL Invest Group’s consistently executed development strategy resonates with investors. For over fifteen years, we have been building the Group’s value based on asset quality and long-term partnerships. The proceeds from this issuance will support further expansion in logistics and industrial real estate, as well as data centres, and will fund acquisitions of new projects in Poland and across the CEE region,” said Dominik Leszczyński, Founder and CEO of DL Invest Group.
DL Invest Group is one of the most dynamic and recognisable Polish investment and development platforms, with over €1 billion in assets across the following sectors:
- logistics and warehouse,
- modern mixed-use complexes,
- retail parks,
- and a rapidly expanding segment of data centres and renewable energy (RES).
The Group manages a portfolio of over 400 active tenants, including industry leaders and international corporations. DL Invest properties maintain an impressive 97 percent occupancy rate.
DL Invest Group’s strategy is built on:
- a selective, location-driven approach,
- tailor-made projects designed for long-term tenant cooperation,
- top-tier service quality, leveraging its integrated in-house capabilities in development, general contracting, asset and property management – enabling the company, as a long-term asset owner, to adapt each project to tenant needs and help them gain competitive market advantages.
DL Invest Group’s credibility is reinforced through trusted partnerships with global brands and institutional investors. Key partners include: DHL, Inditex, Hutchinson, DPD, Avio GE, Emira Property Fund, Invesco Real Estate, Macquarie Capital, and the European Bank for Reconstruction and Development (EBRD).
The Group also benefits from the support of leading banks in Poland’s commercial real estate financing market, including BNP Paribas, Santander, ING, and mBank.
In preparation for the bond issuance, DL Invest Group obtained inaugural ratings from two global credit agencies: Fitch Ratings and Standard & Poor’s.
These ratings not only confirm the Group’s strong financial fundamentals but also open the door to further capital market activity on a global scale.
“International investor recognition of DL Invest Group is a testament to the strength of our strategy and the quality of our assets. As the first Polish commercial real estate company to execute such a significant Eurobond issuance, we’re proud to represent a new standard. It is also a positive signal for Poland, demonstrating that investors view our country as an institutionally stable and growth-oriented environment, driven by companies like ours. Poland remains the fastest-growing economy in Europe,” added Dominik Leszczyński.
DL Invest Group is one of the fastest-growing developers and investors in Poland’s commercial real estate market. The company boasts a diversified portfolio that includes logistics and warehouse centres, office buildings, and retail parks. The foundation of DL Invest Group’s success lies in its thoughtfully selected locations and projects, which are designed with careful consideration for architecture, functionality, and execution, all while adhering to strict quality standards. The company’s portfolio is currently valued at over €1 billion.
