Unibep granted PLN 94 mln loan by BZ WBK

Unibep SPV company (under the name of Szczęśliwicka) has obtained a non-renewable construction loan of PLN 89 million from commercial lender Bank Zachodni WBK (BZ WBK), the developer informed in a statement. The financing also involves a revolving VAT loan of up to PLN 5 million. The funds are to be used to refinance up to 70 percent of the residential development on ul. Bitwy Warszawskiej 1920 r. in Warsaw. Unibep is one of the largest construction companies in Poland. Present on the market for 65 years, it has been listed on Warsaw Stock Exchange since 2008.