Avestus Real Estate has signed a loan agreement for the refinancing of the Imagine office complex in Łódź. The loan, totalling €23.9 million, was provided by mBank S.A.
The Imagine complex, located at the intersection of Piłsudskiego Avenue and Śmigłego-Rydza in Łódź, was completed in 2019. Imagine is a state-of-the-art, technical-standard class A office building consisting of three buildings. Two of them (six-storey) offer a total of 17,200 sqm of commercial space – 14,800 sqm of office space and 2,400 sqm of retail and service space. In the third, an above-ground parking garage was created, offering 356 parking spaces, 49 double bicycle racks and an electric vehicle charging station.
Tenants of the Imagine office complex include EY, a global leader in audit services, and Asseco Poland, the largest provider of modern IT solutions in Central and Eastern Europe. Bluerank, WWT (World Wide Technology), Well Fitness, Philips, GE and LUX MED have also decided to lease space in Imagine. Other tenants include Kids&Co., a bilingual kindergarten and crèche, the Żabka shop and Z Pieca Rodem. Imagine also houses a modern conference and coworking centre, managed by Avestus Real Estate.
– We are very pleased to have secured the refinancing of our flagship office investment in Łódź. The loan granted by mBank S.A., a leading capital market institution, testifies to the trust in our company, but also to the quality and business potential of the Imagine complex and the entire Łódź office real estate market – said Mariusz Frąckiewicz, Country Manager of Avestus Real Estate in Poland.
In the refinancing transaction of the Imagine office complex in Łódź, mBank S.A. was advised by the law firm KLBF Kycia Legal. The borrower, on the other hand, was represented by Taylor Wessing.
