Ghelamco has refinanced the construction of its Warsaw Spire project with a €250m loan provided by a consortium of banks including Pekao, BZ WBK, PKO BPO and mBank. Once the project is completed, the developer has 18 months to repay the loan, with the final date set for Dec. 31, 2017. In December, Ghelamco delivered the second phase of the project, a 55-meter twin of the project’s first building, which was delivered in 2014. The developer expects to complete the last phase of the scheme, the 220-meter office tower in the first half of 2016.
