NYSE-listed WP Carey has used a €55 mln loan from Deutsche Pfandbriefbank to refinance the recently purchased Lipowy Office Park in Warsaw.
NYSE-listed WP Carey has used a €55 mln loan from Deutsche Pfandbriefbank to refinance the recently purchased Lipowy Office Park in Warsaw.
The 35,000 m2 site is fully let to Bank Pekao on a long lease. The money will partially be used to refinance the original purchase.
As reported by PropertyEU last month, WP Carey acquired the building from Bank Pekao in a €115m all-equity acquisition from CA Immo. Colliers International and Allen & Overy acted as advisers to the vendor.
The asset was built in 2009, and houses 2,000 employees.
