Atal signs PLN 22.5 mln loan agreement with Raiffeisen Bank

Real estate firm Atal has signed a loan agreement with Raiffeisen Bank Polska for the amount of PLN 22.5 million, the company informed. Atal intends to finance the construction of the first stage of the Pomorska Park ("Pomeranian Park") investment in Łódź. The loan is secured, among other things, with a mortgage on the property. The first phase of the Pomorska Park complex consists of four six-storey and four-storey buildings, with 186 apartments in total. Apartments have from two to four rooms with a range from 37.7 sqm to 100 sqm. Parking will be provided for 188 cars. Atal specializes in the implementation of residential, multi-family buildings and single-family houses, located within the largest cities in Poland. The company has been listed on the WSE since June 2015.