ING Bank Śląski and ING Bank have jointly signed a €193 million term loan facility to refinance senior debt related to the Bonarka City Center (BCC) shopping mall.
The mall has been developed by TriGranit Development Corporation, one of the largest privately owned development corporations in Europe.
Opened in 2009, with a total area of ca 92,500 sqm, BCC is heralded as the biggest shopping centre in Krakow, Poland. The shopping centre has long-term tenant contracts in place and welcomed more than 13 million visitors in 2014, a 4.4 percent annual increase in visitor numbers.
The success of the transaction demonstrates the project’s potential, the strength of the underlying assets, as well as TriGranit’s solid track record as a developer.