With a loan amount of €82.2 million Helaba is financing the acquisition of the prime office property Lixa in Warsaw. The first stage of the investment was purchased by Hana Investment Co. Ltd., a South Korean consortium represented by Commerz Real. The loan term is for five years and Helaba is acting as sole underwriter for the transaction.
Yareal developed the prime office property Lixa to high-quality standard with a BREEAM Excellent certification. The complex consists of two adjoining buildings with 13 and six floors respectively and a total leasable area of over 28,000 sqm located in a very good central location in Warsaw. The major tenant in the building is BNP Paribas Polska.
Helaba is active in Central Eastern Europe for more than 15 years while Poland is among the bank’s most important target markets abroad.
Martin Erbe, Head of Real Estate Finance International Clients at Helaba, commented: “The office market in Warsaw is one of the fastest-growing markets in Europe. In the last five years, it has grown to almost 6 million sqm. Lixa is a perfect example of the high office quality standard in this dynamic market and we are pleased to finance the transaction for our international Korean clients advised by Commerz Real.”
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