Helaba and Erste Group financing the acquisition of office tower in Warsaw

With a total loan amount of €168 million, Helaba and Erste Group are financing the acquisition of the prime office tower “The Unit” in prime downtown Warsaw for the Swedish real estate company Eastnine AB. The loan term is five years, and Helaba is acting as co-arranger and agent for the transaction.

Eastnine AB invests in modern and sustainable office properties in prime Baltic and Poland locations. The company aims to become a significant real estate owner with a portfolio in prime locations and further expand its portfolio in Poland.

The Unit tower with its 202 meters has 46 floors with 59,800 sqm and 400 underground parking spaces. It is located in a prime downtown location in Warsaw. The fully let building was completed in 2021 and is state of the art in terms of technology and energy supply (BREEAM Outstanding).

Georg Blaschke, Head of Real Estate Finance CEE and Benelux at Helaba commented: “The office market in Warsaw is still one of the most dynamic markets in Europe despite the flexible working situation. Outstanding projects like The Unit in Warsaw are attractive for tenants due to its prime location and highest ESG standards and offer employees the most modern office space fit-outs. We are very pleased to finance the transaction for our relationship client Eastnine AB together with our partner Erste Group.”