PointPark Properties (P3) secured a €215m senior facility from pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG to refinance a portfolio of five modern logistic parks it owns in the Czech Republic, Poland and Slovakia. Dentons’ banking and real estate teams jointly advised the lenders.
The portfolio totals more than 550,000 sqm of warehouse space, with two assets situated in Prague, one just outside Bratislava, and the other two located in Mszczonow, near Warsaw, and Poznan, Poland’s top logistics hub.The portfolio also has a substantial land bank in these locations, which will be used for the development of additional warehouse and distribution space. The portfolio is almost fully leased to more than 50 international tenants.
The Dentons team was led by Anna Hergottova and supervised by Mateusz Toczyski, both working out of Dentons’ Warsaw office. Jiri Strzinek, a Prague-based partner, Peter Kubina, a Bratislava-based partner, and Lorraine Davis from the London office also assisted in the deal.
