ING Bank, pbb Deutsche Pfandbriefbank and PKO Bank Polski have jointly underwritten and funded a €210 mln loan facility for Magnolia Park Shopping Centre in the Polish city of Wroclaw.
The refinancing of the mall, which is owned by real estate funds managed by Blackstone and property managed by Multi Poland, is one of the largest real estate financing deals to take place in Poland this year.
With a total lettable area of 100,000 m2 and comprising over 250 shops, Magnolia Park is the largest shopping centre in the Lower Silesia region of Poland. The mall opened in 2009 and was extended by an additional 20,000 m2 in 2015. It currently attracts more than 10 million visitors annually.
The banks were advised by Linklaters Warsaw.
