Avestus Real Estate has signed a loan agreement to refinance the Imagine office complex in Lodz. The loan for a total of €23.9m was provided by mBank S.A.
Imagine is a modern office building in Lodz, delivered in 2019. It has three facilities, with two six-storey buildings offering 14,800m2 of office space and 2,400m2 of retail and service space. The third facility houses an aboveground garage offering 356 parking spaces and an electric vehicle charging station. Among the tenants are EY, Asseco Poland, Bluerank, WWT, Well Fitness, Philips, GE, LUX MED, Kids & Co., a Zabka store, and a cafe and bakery. It also features a conference and coworking centre managed by Avestus Real Estate.
“We are very pleased to have secured the refinancing of our flagship office project in Lodz,” said Mariusz Frąckiewicz, Country Manager at Avestus Real Estate in Poland. “The loan granted by mBank S.A., a leading capital market institution, demonstrates confidence in our company, but also the quality and business potential of the Imagine complex and the entire Łódź office real estate market.”
KLBF Kycia Legal advised mBank S.A. The borrower was represented by Taylor Wessing.
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