PL

CENTRAL EUROPE MLP loaned EUR 73.4 mln from BNP and PKO

Investment & finance
Subsidiaries of Polish industrial developer MLP Group have secured EUR 73.4 mln of financing for its portfolio from a consortium of Bank BNP Paribas and PKO Bank Polski.

The funds will be used to refinance the existing credit obligations of the companies and, among others, to finance the group’s current investment projects. Cooperation with banks will contribute to strengthening the financial stability of MLP Group. This will include refinancing the outlays planned for the expansion of the MLP Wrocław logistics park and, additionally, to finance investment projects of the subsidiaries by repaying subordinated loans to the MLP Group.

Due to the dynamic growth of the scale of our operations, the optimisation of our financing is very important to us. Our goal is to build and maintain debt with a diversified structure allowing for flexible cost management. Concluding a loan agreement with two key banking institutions will contribute to strengthening our financial stability by obtaining a new source of financing and extending the maturity of the debt.
Monika Dobosz, the CFO at MLP Group

At the end of last year, MLP Group had completed 715,000 sqm warehouse space, with another 145,000 sqm under construction. The company has a land bank with a target development area of around 1.29 mln sqm. It has also signed a number of reservation agreements for the purchase of land for planned logistics parks in Stryków Pruszków and Poznań in Poland, as well as in Gelsenkirchen, Cologne, Frankfurt am Main and Leipzig in Germany, and for sites in Austria.

Latest news

Office & mixed-use development

POLAND Business and entertainment on the 46th floor

schedule 11 October 2024
Opr./edited by NN

Varso 46 is soon to open on the 46th floor of Varso Tower, providing event space with a view of the Warsaw panorama of Warsaw, including the neighbouring Palace of Culture and Science.

Material partner

Poland Brownfield rather than greenfield – a model for sustainable development at City Point Targówek

schedule 07 October 2024
Eurobuild CEE

Contemporary cities are grappling with the challenge of fostering dynamic growth while alleviating environmental pressures. Traditional infrastructure expansion often requires the development of greenfields, with adverse impacts on both local ecosystems and communities. A sustainable alternative is to revitalise brownfield urban sites, as exemplified by City Point Targówek, a project led by Peakside Capital Advisors.

Investment & finance

POLAND Panattoni sells Warsaw park

schedule 11 October 2024
Opr./edited by NN

Panattoni has sold the 39,000 sqm City Logistics Warsaw IV logistics park to an undisclosed international real estate investor for EUR 53.5 mln.

Investment & finance

Poland Big moves in the hotel sector

schedule 11 October 2024
Opr./edited by JC

Accor has sold the Mercure Posejdon Gdańsk and an Ibis hotel in Kraków for an undisclosed sum but that could amount to over PLN 500 mln. But properties are to be repurposed.

Investment & finance

Poland MLP closes green notes offering

schedule 10 October 2024
Opr./edited by JC

MLP Group has successfully closed its debut senior green notes offering, worth EUR 300 mln (approx. PLN 1.3 bln). Investor demand far exceeded expectations, resulting in the offering being multiple times oversubscribed.

Investment & finance

Romania FDI stock increase in construction and real estate

schedule 10 October 2024
Opr./edited by ANZ

According to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox, the real estate and construction sector became the second largest recipient of foreign capital in Romania, after industry. The sector attracted approx. EUR 2.2 bln of foreign direct investments in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5 pct at the end of 2023.

Eurobuild FM

Warsaw/Munich What's on the horizon in Munich?

schedule 10 October 2024
Opr./edited by ANZ

We are launching a series of short recordings from Expo Real 2024! Featuring forecasts, assessments, comments. Take the time to listen!

Office & mixed-use development

Poland State Street Bank stays in Alchemia

schedule 09 October 2024
Opr./edited by ANZ

PHN has extended its lease agreement for over 10,500 sqm with State Street Bank, the key tenant of the Titanium tower in the Alchemia office complex in Gdańsk.

Investment & finance

Poland Park Szczecin VI gets green financing

schedule 09 October 2024
Opr./edited by ANZ

Accolade has secured EUR 29.5 mln net financing from BNP Paribas Bank Polska for the development of Park Szczecin VI industrial park, located in the Dunikowo Special Economic Zone. The facility will have an area of over 54,000 sqm. 

Office & mixed-use development

Poland Deloitte chooses Hi Piotrkowska

schedule 09 October 2024
Opr./edited by ANZ

Deloitte has leased over 900 sqm in the modern Hi Piotrkowska office complex in Łódź, a facility managed by Master Management Group.

ESG

Poland Environmental awareness in logistics is growing

schedule 08 October 2024
Opr./edited by ANZ

Panattoni has again partnered with law firm HFW and Pledge and Analytiqa to publish the 3rd edition of the 2024 European Logistics Sustainability Report. The results show significant progress in efforts to reduce the sector's carbon footprint.

Office & mixed-use development

Poland Polkomtel chooses GTC

schedule 08 October 2024
Opr./edited by ANZ

Polkomtel, a telecommunications company that is part of the Polsat Plus Group, will move into the Sterlinga Business Center office building, managed by GTC, in Łódź in December. The company will occupy an area of over 3,000 sqm.

Office & mixed-use development

Poland Tezeusz has chosen Galileo

schedule 08 October 2024
Opr./edited by JC

Antykwariat i Księgarnia Tezeusz, a company operating in Poland's second-hand book market, has leased 470 sqm in Galileo, an office building within GTC’s Korona complex in Kraków.

Residential

Poland Profbud builds with Robert Lewandowski

schedule 08 October 2024
Opr./edited by ANZ

Profbud will develop the City of Polish Olympic Champions. Robert Lewandowski is a shareholder, as well as a content partner of the investment, which will be built on the outskirts of Warsaw, in the Lesznowola municipality.

Office & mixed-use development

Poland Kruk has moved into B10

schedule 07 October 2024
Opr./edited by JC

The Kruk Company, operating in the debt management market, has leased 6,000 sqm of space in the B10 office-hotel complex in Wrocław, which is owned by Vastint Poland.

Residential

Poland Develia expands into student housing

schedule 07 October 2024
Opr./edited by JC

Develia has signed a letter of intent with Innova Capital and Solida Capital to develop student housing through an investment fund.

Warehouse & industrial

Poland SIG is staying with Prologis

schedule 07 October 2024
Opr./edited by JC

SIG, a supplier of construction products, has renewed its lease for 4,400 sqm of warehouse and office space in Prologis Park Wrocław.

Warehouse & industrial

Poland CTPark Warsaw West is ready

schedule 04 October 2024
Opr./edited by ANZ

CTP has obtained an occupancy permit for buildings WARS02 and WARS05, with a total area of 110,000 sqm. The facilities are part of the CTPark Warsaw West complex. The space will be occupied by Raben Group. The location in Wiskitki, near Warsaw, will be its 36th branch in the country.

Warehouse & industrial

POLAND InPost in MDC2 Kraków South

schedule 03 October 2024
Opr./edited by NN

Polish parcel dispatch company InPost has leased 11,000 sqm at MDC2 Park Kraków South. The BTS project is to be built on a site prepared exclusively for the tenant.

Investment & finance

Poland Future comes to Galardia

schedule 03 October 2024
Opr./edited by JC

The Galardia shopping centre in Starachowice has been acquired by Future Estate from London-based Stage Capital. It was opened in October 2014 and comprises 18,000 sqm gla.

Latest in Investment & finance

schedule 11 October 2024

Panattoni sells Warsaw park

Panattoni has sold the 39,000 sqm City Logistics Warsaw IV logistics park to an undisclosed international real estate investor for EUR 53.5 mln.

schedule 11 October 2024

Big moves in the hotel sector

Accor has sold the Mercure Posejdon Gdańsk and an Ibis hotel in Kraków for an undisclosed sum but that could amount to over PLN 500 mln. But properties are to be repurposed.

schedule 10 October 2024

MLP closes green notes offering

MLP Group has successfully closed its debut senior green notes offering, worth EUR 300 mln (approx. PLN 1.3 bln). Investor demand far exceeded expectations, resulting in the offering being multiple times oversubscribed.

schedule 10 October 2024

FDI stock increase in construction and real estate

According to data from the National Bank of Romania analyzed by the Cushman & Wakefield Echinox, the real estate and construction sector became the second largest recipient of foreign capital in Romania, after industry. The sector attracted approx. EUR 2.2 bln of foreign direct investments in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5 pct at the end of 2023.

schedule 09 October 2024

Park Szczecin VI gets green financing

Accolade has secured EUR 29.5 mln net financing from BNP Paribas Bank Polska for the development of Park Szczecin VI industrial park, located in the Dunikowo Special Economic Zone. The facility will have an area of over 54,000 sqm. 

schedule 03 October 2024

Future comes to Galardia

The Galardia shopping centre in Starachowice has been acquired by Future Estate from London-based Stage Capital. It was opened in October 2014 and comprises 18,000 sqm gla.

schedule 01 October 2024

Garbe and Logicenters acquire former airbase

Garbe and its joint venture partner Logicenters, Nrep's development and management platform for logistics properties, have acquired a 20,000 sqm plot of land. A logistics centre with a total area of around 11,600 sqm is to be built on this site. Construction is scheduled to begin in Q2 2025, with an investment volume of around EUR 17 mln.

schedule 30 September 2024

Arete enters Poland

Czech asset manager Arete Investment Group has entered the Polish market with the acquisition from Kajima Poland and Panattoni of a 65,000 sqm warehousing park in Zgorzelec in Lower Silesia.

schedule 30 September 2024

Nepi Rockcastle buys Magnolia Park 

Nepi Rockcastle has acquired the 100,000 sqm Magnolia Park shopping centre in Wrocław from Union Investment in an off-market transaction. The sale price amounts to EUR 373 mln. Union Investment acquired Magnolia Park in 2017 for the portfolio of the UniImmo: Europa open-ended real estate fund.

schedule 25 September 2024

P3 issues €500m green bond

Prague-based warehouse developer P3 Group has issued a 7.6-year EUR 500 mln Green Bond. With this, P3 will have signed over EUR 6 bln in new debt since the implementation of its most recent funding strategy in December 2021.

schedule 25 September 2024

€50m loan for Skyliner II

Karimpol Polska has secured EUR 50 mln in financing from Bank Pekao for the second phase of the Skyliner II development on Rondo Daszyńskiego in Warsaw. The bank also financed the construction of the first tower of the complex.

schedule 25 September 2024

ECE capital injection

ECE Real Estate Partners is expanding its investment activities and has raised further circa EUR 100 mln of capital for its ECE Progressive Income Growth Fund that invests in high quality shopping centres in Europe and holds a portfolio of seven centres with a total market value of more than EUR 2.2 bln.

schedule 24 September 2024

Panattoni launches a logistics income fund

Panattoni has launched a pan-European fund that will invest in modern, sustainable, income-producing logistics properties. The Panattoni Income Fund is domiciled in Luxembourg with an open-ended, evergreen structure.

schedule 19 September 2024

Another Smart Park sold

Smart Park Poland has sold a retail park in Syców (Dolnośląskie Voivodeship) to the Saller Group. The area of the facility is 8,000 sqm.

schedule 17 September 2024

Nepi set to buy Magnolia

Nepi Rockcastle is in negotiations to acquire the 100,000 sqm gla Magnolia Park shopping centre in Wrocław from Union Investment Real Estate.

schedule 12 September 2024

Citylink sells Łódź site to DSV

CL Property, a Polish developer specialising in multi-functional industrial and logistics space, has announced a transaction with DSV for the Citylink Łódź project. A new DSV logistics centre will be built on the 5.7-ha property located on ul. Zakładowa.

schedule 12 September 2024

Upturn in offices and retail sector

According to JLL, the Polish investment market saw a significant increase in activity in H1 2024. Despite continuing challenges related to the cost of capital, a return of large transactions was recorded, suggesting a potential end to the slowdown phase.

schedule 11 September 2024

Greykite debuts in Poland

European Real Estate Fund has commenced its deployment programme with the acquisition of a logistics portfolio in Poland. Three multi-tenanted properties will form the initial investment in a EUR 300 million joint venture with White Star Real Estate.

schedule 05 September 2024

Garbe buys huge Lower Saxony brownfield

Garbe, in a joint venture with a fund managed by BlackRock, has acquired a brownfield site of almost 200,000 sqm in Salzgitter, Lower Saxony. The joint venture wants to create large-scale logistics on the site. The construction of the property with a total floor area of 70,000 sqm is scheduled to start in Q1 2025 and to be completed in 2026.

schedule 03 September 2024

KGAL goes shopping in Vienna

KGAL has acquired the ViE office building in the Austrian capital with a total rental area of 14,100 sqm for one of its property funds. The seller is CA Immobilien Anlagen AG. The building in a central location in Vienna is fully let.

Edition 10 (292) September 2024

Latest comments

Categories