Penta secures €31-mln loan for D48 project in Warsaw

Image: Penta Investments

Investor Penta Investments has obtained more than €31 million in bank financing from Bank Zachodni WBK for its D48 office project in Warsaw. The company will use the loan to refinance its own equity that it has invested in the ongoing scheme to date and to finance the final stages of the construction. The D48 development, which is valued at approximately €48 million and will comprise more than 26,000 sqm of office space, is scheduled to be completed in August. Savills is the exclusive leasing agent for the investment, in which over 30 percent of the available space has already been commercialized.

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