The developer Capital Park expects to raise PLN 100m in a new bond issuance planned for next year. The company has already asked Poland’s financial supervisory regulator (KNF) to approve the issuance of unsecured bonds. The final terms of the issuance will be revealed as soon as the KNF greenlights the request.
The company raised PLN 35m from a bond issuance in August, and plans to use the money it nets from the new issuance to refinance bonds maturing in the first half of 2015. In order to provide financing for its Eurocentrum office project, Capital Park issued PLN 100m in bonds in 2012. Those bonds mature in July 2015.
It was also announced today that the Polish unit of the health care giant Fresenius Kabi has leased over 1,400 sqm Eurocentrum and is due to move into the space in December 2015. The owner was represented by Cushman & Wakefield, while JLL acted for Fresnius Kabi.
