Gide advises Bank Pekao S.A. on the refinancing of the Napollo real estate portfolio
Gide’s Warsaw office advised Bank Pekao S.A. on the refinancing and restructuring of an existing real estate financing portfolio granted to ten companies from the Napollo group.
The transaction involved the consolidation of existing investment facilities into a single portfolio financing structure, the provision of additional top-up investment facility tranches and the availability of construction and VAT facilities, with an aggregate commitment of approximately EUR 90 million. The financing was structured as a multi-borrower facility involving ten borrowers and secured by a comprehensive package of real estate and corporate security.
The Gide team was led by associate Paweł Wasiel, and composed of associate Szymon Makowski, on Banking & Finance aspects, under the supervision of partner Pawel Grzeskowiak.
Bank Pekao S.A. is one of the largest financial institutions in Central and Eastern Europe and a leading provider of real estate finance in Poland, supporting a broad range of commercial real estate investments across the office, retail, logistics and residential sectors.
The Napollo group is a leading Polish real estate investor and developer active in the retail and residential sectors. Through its portfolio of retail parks, shopping centres and development projects, the group has established a significant presence across Poland. Napollo is recognised for the development of the N-Park convenience retail park format, comprising modern retail assets located in attractive urban and suburban locations.
