15:41 27 June 2022
Bank Pekao refinances Newbridge’s SMART portfolio
Bank Pekao completed the refinancing project of over €10 million. Refinanced real estate product was a retail parks portfolio owned by Newbridge Poland. The investor was advised in this process by the Avison Young investment team.
The retail parks comprising the refinanced portfolio are modern and popular facilities located in Namysłów (17A Bohaterów Warszawy St.), Włocławek (2B Komunalna St.) and Grodzisk Mazowiecki (48 Królewska St.). They offer a total leasable area of approximately 13,000 sqm, which is almost entirely leased to such strong tenants as, among others, CCC, Pepco, Rossmann, RTV Euro AGD, KiK, Martes Sport, or Deichmann, for long-term lease agreements. The facilities are managed by an experienced manager specializing in this market sector. Retail parks are currently one of the most sought-after assets on the Polish real estate market.
“We are very pleased with the financial performance of the entire portfolio. We have been building it gradually, modernizing, and always taking care of the appropriate selection of tenants to provide customers with a wide range of products and services. We are happy that the portfolio has gained recognition of Bank Pekao,” Barbara Wojdełko, Director at Newbridge Poland, commented.
(WBJ)
