ARTICLES LABELLED WITH TAG financing

MLP Group has successfully placed €41 million worth of bonds, comprising an entire issue, with 35 investors in a public offering intended for qualified buyers. The transaction was arranged and conducted by mBank. The Warsaw office of global law firm Taylor Wessing provided legal advice to MLP Group, and mBank was advised by CMS Cameron McKenna Nabarro Olswang.

Deutsche Pfandbriefbank AG (pbb), a leading European specialist bank for commercial real estate finance, expects its results for the current financial year to be significantly higher than in 2023. 

Panattoni has recently started construction of another hall within Panattoni Park Ruda Śląska II. Now the company has secured financing for the investment. The €9.4 million loan was provided by Millennium Bank.

Industrial developer CTP has sold €750 million worth of green bonds with a 6-year maturity and a fixed coupon of 4.75%. The offering was oversubscribed 5.5 times and recorded a total order book of more than €4.1 billion at its peak.

The European Bank for Reconstruction and Development (EBRD) invested a record €1.3 billion in Poland in 2023. This beats the previous record of €990 million invested in 2022 and made Poland the EBRD’s third largest market last year.

Panattoni presented its investment financing for 2023. In Poland, the company obtained 29 bank loans for development projects worth a combined sum of more than €800 million.

Cost of financing and capital availability are some of the core challenges this year for real estate companies in Europe, shows a Deloitte survey.

Yareal Polska has announced the successful closing of a €45 million investment loan, with a term of 5 years, from pbb Deutsche Pfandbriefbank (pbb).

Real Management S.A. has been granted a business expansion loan of PLN 47 million (ca. €11 million) for its development activity. The loan was extended by mBank S.A.

2024 will be a challenging year for many companies in the CEE real estate sector that will have to refinance their loans at new, increased costs. Those that need to redeem their corporate bonds in the coming quarters may also have a lot of problems.