Join Craig Smith and Winston Norman on the Coffee with Craig Show for your daily dose of CRE news in the CEE region, brought to you by EuropaProperty.com.
IMMOFINANZ Secures €180 million Green Loan for Warsaw Spire
IMMOFINANZ has secured a €180 million green loan for the myhive Warsaw Spire office tower, one of Warsaw’s tallest modern office buildings. The loan, provided by Helaba, pbb Deutsche Pfandbriefbank, and Berlin Hyp, will help reduce the company’s short-term debt. The building is certified BREEAM Excellent for its sustainable design.
“This green loan reflects the landmark quality of Warsaw Spire and significantly reduces our short-term debt,” said Pavel Měchura, a member of the IMMOFINANZ Executive Board. “We are grateful for the continued support of our long-standing banking partners.”
Panattoni Gets €74 million Green Loan for Logistics Hub in Bydgoszcz
Panattoni has received a €74 million green loan from Berlin Hyp to fund a new 140,000 sqm logistics centre in Bydgoszcz, Poland. The facility, designed with advanced energy-efficient features, will serve an e-commerce company and help reduce carbon emissions. The centre is built to BREEAM Excellent standards, meeting strict sustainability criteria.
Emilia Taczewska–Trojańska, Head of Debt Finance Poland, Panattoni. “Currently, financial institutions offer preferential terms to projects that stand out due to their high energy efficiency, their usage of renewable energy sources, and their ecological. This green loan means that the building has met stringent criteria for sustainable development and mirrors Panattoni’s commitment to environmentally friendly growth.”
EBRD Supports Green Housing in Poland with €100 million Loan
The European Bank for Reconstruction and Development (EBRD) is lending €100 million to Vantage Development to build 3,000 energy-efficient rental apartments across Poland. This project aims to help ease the housing shortage for Polish citizens and Ukrainian refugees while contributing to Poland’s green goals.
Czech Housing Fund Expands with Over 300 Rental Apartments
Fond Českého Bydlení, a Czech housing investment fund, has acquired two apartment buildings in Beroun and Chomutov, adding 313 units to its portfolio. This brings the fund’s total assets to over €40 million. The new properties are located in growing areas with strong potential for future returns.
Jakub Kořínek, co-founder of Fond Českého Bydlení, says: “Our long-term goal is to maintain the Fund’s stable performance. The two new acquisitions represent profitable investments and will help us achieve a yield competitive or better than last year. Investors who joined our Fund at the beginning have already seen their investments appreciate by over 50 percent.”
