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EUR 100 mln for take-overs in Poland

Anna Pakulniewicz 11 July 2018

Anna Pakulniewicz


+48 22 356 25 07

Ania covers the Baltic states’ real estate markets, architecture and urban planning in Warsaw as well as interior design. She is also the co-founder of Eurobuild TV. Among others, she has been employed by TVN CNBC, PAP Insider, WBJ (The Observer), Poland Monthly and IMM. She graduated from the Warsaw School of Economics, majoring in international relations. She has also completed postgraduate studies in macroeconomic analysis. In addition to this, she studied Lithuanian philology

POLAND Helaba, acting as facility and security agent, and PBB Deutsche Pfandbriefbank have jointly underwritten an investment facility to finance four office properties in Poland.
Together, the two banks are providing Globalworth Poland Real Estate (GPRE) with a loan in an amount of EUR 100 mln with a duration of seven years. The transaction closed in June 2018. Helaba and PBB are acting as Joint Lead Arrangers providing equal portions of the fundings.

GPRE will use the loan to finance a portfolio of four properties in Wrocław (West Gate and West Link), Gdańsk (Tryton Business House) and Kraków (CB Lubicz).

West Gate is an office building with 16,600 sqm gla, situated in the northwestern part of Wrocław. The property consists of an office building, with L-shaped layout of the each floor. West Link close to West Gate) provides 14,400 sqm gla and 266 parking spaces.

Lubicz Business Centre consists of two class A buildings situated in a prestigious district of Kraków with a total of 23,900 sqm gla.

Tryton Business House, an office building with GLA of 24,000 sqm, is located not far away from Gdańsk Shipyard.

The principal investor, Globalworth Asset Managers, is a wholly-owned subsidiary of GPRE that has so far concentrated its investment activities on Romania. By continually expanding its presence in Poland with a focus on office investments, the company is on the way to becoming the largest stock market listed office investor in Central Europe.

Helaba is a German Landesbank headquartered in Frankfurt and Erfurt and at important financial centres worldwide. As a balance-sheet lender with a sustainable business model, real estate business is focused on commercial properties in Germany, Europe and the US. Helaba started business in Central Eastern Europe in 2006. The bank finances office, retail and logistics properties in Poland, the Czech Republic and Slovakia for institutional investors.

PBB Deutsche Pfandbriefbank is a leading specialist lender for financing commercial real estate and public investments in Europe and the United States of America. PBB is a major issuer of Pfandbriefe, which makes it also an important player in the European covered bond markets overall. PBB is listed on the Frankfurt Stock Exchange.

In real estate finance, the bank’s primary target of new business is professional real estate investors and developers. Core asset classes financed include office, retail, residential, logistics/warehouse properties and hotels. The regional focus is on Germany, the UK, France, the Nordic Countries, selected countries in Central and Eastern Europe and Spain. PBB is also active in selected regions in the US.

Globalworth Poland is majority owned by Globalworth, a London-listed real estate company active in Central and Eastern Europe. Globalworth acquires, develops and directly manages high-quality office and logistics/light-industrial real estate assets in prime locations, through which it benefits from a strong rental income profile from high quality tenants from around the globe. Managed by approximately 110 professionals across Romania and Poland, the combined value of its portfolio is approximately EUR 2 bln, of which over 90 pct is in income-producing assets, predominately in the office sector, and leased to some 440 national and multinational corporates from 28 countries and 37 different sectors.

tags Poland
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