Refinancing of Wiśniowy Business Park complex in Warsaw

Wiśniowy Business Park
Wiśniowy Business Park
BZ WBK granted a loan in the amount of 62,6 million euro to Polonia Property Fund LP (Polonia I), intended for refinancing of Wiśniowy Business Park complex.

We are glad about tightening of cooperation with Bank Zachodni WBK. Currently, we are concentrating on the optimal usage of a gained capital and we will still be managing the assets of the property, till the moment of its sale. We believe that the product with an indebted financing will enable us reaching this goal – says Konrad Pazore, Finance and Debt Procurement Manager in Peakside Polonia Management company which manages the investment fund of Polonia Property Fund LP (Polonia I).

 

The financing is disposable in case of the building's sale (provided that there is a consent of the creditor). The loan agreement was concluded on 27th November 2014. 

 

Wiśniowy Business Park is the first business park in Warsaw which offers 40 000 sq. m of office space located on the area with 5,6 ha in the neighborhood of Żwirki i Wigury Street. The investment has 690 underground and 680 aboveground parking places. We are very glad about supporting our long-term client in such an important business. The property may boast about stable cash flow, high quality and good location – comments Brendan Long, Head of Corporate Finance from Bank Zachodni WBK.

 

Peakside Capital was advised by Colliers International consulting company. We are extremely proud that we supported Peakside Capital in the process of refinancing. The structure aroused a great interest among institutions which grant financing – adds Tony Pinnell, Director of Property Finance in Colliers International.


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