OTS - German banking consortium provides EUR 370 million
refinancing for Warsaw Spire (part 1)
2017. September 04. 15:52
Frankfurt/Berlin/Munich/Warsaw, 4 September, 2017 (APA/OTS) -
Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly
underwritten an investment facility totaling € 370 million to
refinance the Warsaw Spire Office complex. The assets are owned by
the newly established Ghelamco European Property Fund. The
transaction closed in August 2017. Helaba, Berlin Hyp and pbb are
acting as Joint Lead Arrangers providing equal portions of the
fundings, with Helaba acting as facility and security agent of the
transaction.
http://ots.mti.hu/Pages/Picture.aspx?fi=OTS_20170904_003.jpg
The Warsaw Spire complex consists of 3 buildings totaling
115,000 m? of GLA. The main tower, Warsaw Spire A, is with its
heights of 220-metre and a hyperboloid glass façade already one of
the iconic building on the Warsaw skyline neighbored by two
55-metre auxiliary buildings, Warsaw Spire B and C. This land mark
complex won many awards within the last years including the MIPIM
Award 2017 for the best construction project. The unique complex
offers the optimum combination of location and quality within the
very heart of the City. Implemented in the scheme are new
technologies and green solutions which have attracted exceptionally
well recognized tenants, committing to long leases on sustainable
rents.
Jeroen van der Toolen, Managing Director, Ghelamco CEE said: "I
am very proud of The Warsaw Spire project. The highest recognition
for this investment is the MIPIM Award 2017 for the Best Office
Complex. It has been appreciated not only by top tenants but also
key players on the financial markets. On behalf of our company I
would like to thank for the interest and constant support to all
our partners who have provided funding and helped in its
development so far. We are also happy to welcome Helaba, Berlin Hyp
and pbb companies that will assist Ghelamco with refinancing the
Warsaw Spire complex.
Michael Kröger, Head of International Real Estate at Helaba
said: "We are pleased to support Ghelamco with this transaction,
who is the most dominant developer and investor in the Polish
market and a reliable partner for Helaba. Helaba is active in the
region since more than 10 years and has underwritten loans of
several bn Euros since then."
"We are pleased to have supported Ghelamco Group with this
financing in Poland, one of our foreign target markets," comments
Gero Bergmann, Member of the Board of Management of Berlin Hyp.
Charles Balch, Head of International Clients, UK & CEE at pbb
Deutsche Pfandbriefbank said: "Pbb is delighted to support our
long-standing client Ghelamco in this landmark transaction in
Warsaw together with our partners Helaba and BerlinHyp. The deal
underlines our continued strong interest in the CEE real estate
markets, and Poland in particular."
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Media Contacts:
Helaba
Mike Peter Schweitzer, +49 69 9132-2877,
MikePeter.Schweitzer@helaba.de
Berlin Hyp
Nicole Hanke,?+49 30 2599 9123, nicole.hanke@berlinhyp.de
pbb Deutsche Pfandbriefbank
Walter Allwicher, +49 89 2880-28787,
walter.allwicher@pfandbriefbank.com
Oliver Gruß, +49 89 2880-28781, oliver.gruss@pfandbriefbank.com
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