First tranche of €61.1 mln loan for Royal Wilanów released

Lender PKO Bank Polski has released the first tranche of a €61.6 million loan earmarked for Capital Park’s office investment Royal Wilanów, the company said. “We have reached the equity ratio and commercialization required by the bank, which allowed the first tranche of the loan to be released. The entire value of the loan granted by PKO Bank Polski is €61.1 million,” said Michał Majewski, treasury manager of the Capital Park group. The Royal Wilanów scheme, featuring nearly 30,000 sqm of office space and 7,000 sqm of retail space, was launched in August 2013 and is set to be delivered in August 2015.