WARSAW, 14-3-2014 — /EuropaWire/ — The two German banks Berlin Hyp and Helaba are providing Unibail Rodamco with a €200 million term loan for their prime shopping center Galeria Mokotów in Warsaw. Purpose of the five-year facility is to refinance an existing loan. In this transaction, Berlin Hyp and Helaba are acting as co-arrangers and lenders for the whole loan amount.
Galeria Mokotów is a landmark property located in the heart of Warsaw’s modern Mokotów Business District. As one of the most-visited shopping centers in Poland’s Capital it has been extended several times since its completion in 2000, last time in 2013. Galeria Mokotów comprises 66,800 sqm of gross leasable area with 260 shop units. Among the tenants are international brands such as Zara, H&M and Peek&Cloppenburg as well as a Cinema City multiplex cinema.
The shopping center is owned and managed by Unibail-Rodamco, Europe’s leading listed commercial property company specialised in shopping centers in European capital cities.
White&Case acted as legal advisor to the lenders in this transaction. The borrower was advised by the law firm Gide.
|Volume of finance:||€200 million|
|Type of finance:||Term Loan|
|Role of Helaba:||Co-Arranger and Lender|
|Unit/department:||Real Estate Finance Northern and Central Europe|
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