FOCUS Estate Fund has fully repaid its vendor loan from G City Europe Group (ex-Atrium Group), demonstrating strong financial discipline and operational efficiency. In addition, the Fund has signed a senior loan facility of €3 million with Pekao for its Ferio Legnica retail property in Poland.
The timely repayment of the G City Europe loan highlights FOCUS Estate Fund’s commitment to maintaining a robust financial structure and disciplined asset management. The new financing with Pekao supports the Fund’s strategy of optimising capital structures and unlocking value in its portfolio of non-prime retail assets.
FOCUS Estate Fund focuses on non-prime retail properties across Western and Central Europe. Its value-add strategy targets assets with potential for operational improvements, repositioning, or redevelopment, enhancing long-term returns and creating more attractive retail destinations. Poland is one of the Fund’s key markets, alongside selected locations in other European countries.
The agreement with Pekao marks the Fund’s first financing collaboration with the bank, reflecting confidence in FOCUS Estate Fund’s proven investment and asset management strategy. The previously repaid G City Europe loan, relating to the Płock property, was the Fund’s sole financing with that institution and was completed on schedule, demonstrating the Fund’s financial reliability.
Daniel Borkowski, Real Estate Finance Manager at Bank Pekao’s SME Investment Project Finance Office, said: The senior financing provided for Ferio Legnica reflects Bank Pekao’s approach to supporting well-structured real estate projects in Poland. We view FOCUS Estate Fund as an experienced manager with a clear investment strategy in the non-prime retail segment. This transaction marks the beginning of our cooperation and supports the stable, long-term financing of the property.
Maxim Shkolnick, General Partner at FOCUS Estate Fund, said: “Our value-add approach is focused on unlocking the potential of non-prime retail properties across Europe. The successful repayment of the G City Europe loan and the new €3 million agreement with Pekao strengthen our ability to enhance our portfolio and deliver superior returns while improving the retail experience for local communities.”
