Peakside refinances loan from BZ WBK

19 January 2015

Polonia Property Fund secured a €62.6m loan from Bank Zachodni WBK to refinance its Wiśniowy Business Park in Warsaw. The financing is transferable. Colliers International advised Peakside, which manages Polonia Property Fund.

Comprising six office buildings, the Wiśniowy Business Park complex sits on a 5.6 ha plot, 4 km from Warsaw Chopin international airport. The project offers 40,000 of commercial space along with 690 basement and 680 surface car parking spaces.

“As we focus on the deployment of newly raised equity, we will continue to asset manage the property until disposal and believe a pre-packaged debt product will help facilitate this goal,” said Konrad Pazorek, finance and debt procurement manager at Peakside Polonia Management.

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