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Poland Financing secured for completion of The Park Kraków

Construction
International investor Cain International and its local development partner, White Star Real Estate, have secured a EUR 36 mln loan from PKO BP to complete the development of The Park Kraków.

Eventually, eight buildings are to be constructed with a total of 100,000 sqm of campus-style offices. Work started in June 2020 and Building 1 is to be completed in Q2 2022 with 4F responsible for the final fit-out. The project is one of the seed assets of Cain’s European Real Estate Opportunity Fund I (‘EREO I’), its debut European fund, which closed in May 2021 with commitments totalling EUR 324 mln.

We remain extremely confident in the role that offices will play in the growth of leading cities. The Park’s unique workplace experience, combined with its prime location and thoughtful design puts it in a position to be a trophy asset in one of Poland’s most dynamic cities. This is an important milestone and we look forward to continuing to work with our partners on the delivery of this exciting project.
Daniel Harris, managing director, head of European investment at Cain International

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Edition 4 (287) April 2024

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