The German lender Deutsche Hypo opened its first office on the Polish market in Warsaw this month and expects to issue up to €50m in real estate loans in 2014, the daily Puls Biznesu reports. “We had already been financing the Polish real estate business from our office in Germany, the UK, France and Amsterdam, but this recent step aims to attract Polish investors as well as deepen our knowledge of the local market,” said Thomas Staats of Deutsche Hypo’s foreign sales team, adding that the new office would help facilitate risk assessment.
The bank said it’s interested in providing long-term financing for the Polish office, retail and warehouse sectors. The German lender helped Helaba and Berlin Hyp refinance the Galeria Mokotów mall last month for the retail investor Unibail-Rodamco.
