Poland Refinancing secured for Galeria Młociny
Investment & financeschedule 04 April 2024
Galeria Młociny offers about 81,000 sqm of retail and office space
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EPP and Echo Investment have successfully secured a loan worth EUR 145.2 mln for the new financing of the Galeria Młociny shopping centre in Warsaw.
Galeria Młociny, owned by EPP (70 pct stake) and Echo Investment (30 pct stake), complies with the environmental objective of the EU Taxonomy on climate change adaptation. Erste Bank Group, Rand Merchant Bank, a division of FirstRand Bank Limited and Santander Bank Polska acted as arrangers of the new credit facility, with Santander Bank Polska also acting as facility agent, security agent and account bank. The credit facility has a term of five years with a payment at the end of that period an
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