Unique Tower in Warsaw with bank financing

A subsidiary of Warsaw Stock Exchange-listed developer Marvipol Development has secured up to PLN 50 million in bank financing from Bank Ochrony Środowiska that it will use to finance and refinance the costs of constructing its Unique Tower residential project in the Polish capital. The loan is to be paid back by the end of July 2021. The Unique Tower scheme is being developed on ul. Grzybowska in the Wola district of Warsaw. The development will consist of three high-rise buildings and comprise a total of approximately 24,000 sqm of usable space. It will include both rental apartments and apartments for sale. Construction work on the investment has already been launched and is scheduled to finish in the first half of 2021.

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