German lender Helaba is financing the acquisition of the Lixa office property in Warsaw with an €82.2 mln loan.
Helaba is providing a five-year financing facility as sole underwriter for the transaction, which involves the South Korean consortium Hana Investment as buyer of the asset, represented by Commerz Real.
Yareal developed the property to high quality standard with a BREEAM Excellent certification. The complex consists of two adjoining buildings with 13 and six floors respectively and a total leasable area of over 28,000 m2 located in a very good central location in Warsaw. Major tenant in the building is BNP Paribas Polska.
Martin Erbe, head of Real Estate Finance International Clients at Helaba, said: 'The office market in Warsaw is one of the fastest growing markets in Europe. In the last five years, it has grown to amost 6 million m2. Lixa is a perfect example of the high office quality standard in this dynamic market and we are pleased to finance the transaction for our international Korean clients advised by Commerz Real.'
