8:00 13 March 2019
HB Reavis with record bank financing
Developer HB Reavis has secured €350 million in bank financing for the Varso Place mixed-use project, which the company is now building in downtown Warsaw. The loan – one of the biggest in the history of the Polish real estate market – was granted by a consortium of four banks: Santander Bank Polska, Bank Pekao, Helaba and UniCredit. The Varso Place scheme will consist of three buildings (including a 310-meter tower) offering a total of 144,000 sqm of leasable space. It will accommodate office, hotel and retail areas. The two lower buildings of the complex are scheduled to be completed by the end of 2019 with the skyscraper expected to be ready in about two years.
Warsaw Business Journal
