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Loan for Marvipol and Panattoni joint project

Tomasz Cudowski 06 March 2018

Tomasz Cudowski

Journalist

+48 22 356 25 26
tomasz.cudowski@eurobuildcee.com

Tomek graduated from the faculty of modern languages at the Adam Mickiewicz University in Poznań, where he also started his journalist career in the late 1980s. He has worked in the real estate press since 2005, covering the residential market for ‘Eurobuild CEE’ magazine as well as the new technologies and property management sectors. Sometimes he can be heard on Polish Radio 2, where he reviews the press on the morning programme. At other times he can be seen in the Bieszczady or Beskid Niski mountains, where he enjoys rambling with no fixed purpose or destination in mind.

POLAND MBank is to finance a warehouse project by PDC Industrial Center 81, a special purpose vehicle set up by Marvipol Logistics and Panattoni, outside Warsaw.
MBank is providing PDC with a construction loan of app. EUR 17.1 mln (the final amount will depend on the exchange rate, the total project costs and the market value of the site on which the project is to be implemented, among other factors), as well as an investment loan of app. EUR 18.5 mln (again, subject to the above conditions), and a VAT loan of up to PLN 15 mln. We wrote about this joint project in December 2017.

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