Collaboration of Hillwood Poland with Bank Pekao S.A. continues
In 2022, Bank Pekao S.A. and Hillwood signed a loan agreement to finance the latter’s six investments worth 155 million EUR in total, including the most recent Hillwood project in Łódź Chocianowice. Hillwood Poland, the developer of manufacturing and warehousing spaces, has signed a loan agreement with Bank Pekao, worth over 54.4 million EUR for the construction of a logistics park in Łódź Chocianowice.
Hillwood Poland and Bank Pekao have a long track record of successful cooperation. Only this year, the bank has provided debt financing for six Hillwood investments for a total amount of 155.4 million EUR, which will allow to finance the projects in Łyszkowice, Piekary Śląskie and Słubice, among others.
The Hillwood Łódź Chocianowice logistics park will be put into service in Q3 next year and will provide the market with over 97 thousand sqm of state-of-the-art manufacturing and warehousing space. The project will be executed with utmost care for the environment and will be BREEAM Excellent certified.
“We are very satisfied with the cooperation with our bank partner. We appreciate the professional service provided at every stage, in particular the efficient negotiations of financing parameters, quick credit decision and the effective process of negotiating credit documentation”, says Hubert Michalak, President of the Board at Hillwood Poland. “Our investment projects in Central Poland attract great interest from tenants. Łódź is the perfect transfer hub, where sorting plants of the largest courier companies and e-commerce industry warehouses are built. The demand for warehouses in the region is constantly high, and the level of vacant spaces for the first six months of the year was low, reaching slightly over 4 percent”, he adds.
“The Łódź project is already the 17th Hillwood investment financed by Bank Pekao. This highlights the importance of this strategic partner for the Hillwood Group. Similar as in the case of other Hillwood logistic centers, this project brings together the perfect location and the highest ESG standards, confirmed by the BREEAM certificate, thus seamlessly integrating with the Bank Pekao strategy”, says Łukasz Białecki, Head of Real Estate Financing at Bank Pekao.
Throughout the entire process of providing financing for the Łódź Chocianowice project, Bank Pekao S.A. was supported by the team from the law firm CMS Cameron McKenna Nabarro Olswang in Warsaw, while the developer Hillwood Poland was counseled by Clifford Chance.
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About Hillwood
Hillwood has been present in the Polish market since 2014, building modern logistics and commercial centers for lease, also in the BTS (built-to-suit) model. The company also deals with acquisitions and property management. Hillwood Poland is active in the main warehousing markets, such as Warsaw, Central Poland, Wrocław and Upper Silesia, also investing in new, prospective locations, such as Częstochowa, Kutno or Świebodzin.
For further information about the Hillwood Łódź Chocianowice project, click here.
Current information about the offer of Hillwood Poland is available here.
