Atal secures loans for two projects

Real estate developer Atal has obtained bank loans to finance the Pomorska Park estate in Łódź and Atal Residence Zabłocie in Kraków, Eurobuild CEE informed. The company concluded a contract with Raiffeisen Bank Polska for the financing of the estate in Łódź. The loan, which is to be repaid by September 28, 2018, amounts to PLN 22.5 mln. The first stage of the Pomorska Park project is to involve the construction of 186 apartments in four buildings. The developer has also obtained a loan of PLN 40 mln from PKO BP for the financing of the construction of the first stage of the Atal Residence Zabłocie estate in Kraków, on the site of the Miraculum factory. This stage of the estate will involves the construction of over 220 apartments.