Poland Peakside JV raises PLN 500 mln from Bank Pekao
Warehouse & industrialschedule 14 November 2022
The modern City Point Targówek logistics park will be redeveloped after demolition of existing buildings
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A joint venture between Partners Group and Peakside Capital Advisors has signed a portfolio loan facility agreement with Bank Pekao, comprising of an investment loan and VAT loan. A facility of up to PLN 500 mln in total was provided under the agreement. The funds have been used to finance the acquisition of three logistics properties in and around Warsaw, and the redevelopment of the City Point Targówek park.
The proceeds have been used to finance the acquisition of three properties: City Point Targówek, Logistics Point Raszyn and Logistics Point Piaseczno. The funds will also be used for the redevelopment of City Point Targówek and the financing of the project post completion. When selecting investments, Peakside focuses on a value-add strategy, allowing it to maximise the value of the properties it owns through leasing, redevelopment, expansion or ESG upgrades.
The loan agreement with Bank Pek
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