WARSAW—Valad Europe, a leading diversified real estate investment manager, has completed a $421 million (€310M) refinancing of its Valad Polish Retail Fund through three new loan facilities.
Seven out of the nine assets owned by the fund were refinanced under a $230 million (€169M) term loan facility provided by ING Bank Slaski, who also acted as arranger, Alior Bank, Bank Zachodni WBK, Skandinaviska Enskilda Banken and Bank Millennium.
Centrum Janki shopping centre in Warsaw, which is about to undergo a $81.5 million (€60M) redevelopment, was refinanced under a million $110 million (€75M) loan facility provided by Berlin Hyp.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
