In one of Poland’s biggest real estate financing transactions this year, a consortium made up of ING Bank, pbb Deutsche Pfandbriefbank and Poland’s state-run lender PKO Bank Polski have backed Blackstone and Multi Poland with a €210m long-term loan to refinance Magnolia Park shopping center. The largest retail mall in the Lower Silesia region, Magnolia underwent a 20,000 sqm extension last year, bringing the center’s GLA to 100,000 sqm. Delivered in 2009, the mall in the city of Wrocław is said to be now attracting 10m visitors annually. Linklaters Warsaw advised the consortium in the transaction.
