Bank Pekao completed the refinancing of a retail parks portfolio owned by Newbridge Poland for over €10m. The retail parks comprising the refinanced portfolio are modern and popular facilities located in Namysłow (17A Bohaterow Warszawy St.), Wlocławek (2B Komunalna St.) and Grodzisk Mazowiecki (48 Krolewska St.). The properties offer a total leasable area of approximately 13,000m², which is almost entirely leased to CCC, Pepco, Rossmann, RTV Euro AGD, KiK, Martes Sport, or Deichmann. The facilities are managed by an experienced manager specializing in this market sector. Retail parks are currently one of the most sought-after assets on the Polish real estate market.
“We are very pleased with the financial performance of the entire portfolio. We have been building it gradually, modernizing and always taking care of the appropriate selection of tenants, in order to provide customers with a wide range of products and services. We are happy that the portfolio has gained recognition of Bank Pekao,” commented Barbara Wojdełko, Director at Newbridge Poland.
“The retail parks which are a subject of refinancing are very well located and established in local communities points of purchase. Observing the situation on the real estate market during the pandemic and the resilience of this type of properties to COVID-19 restrictions, we are pleased to provide refinancing for this investment,” said Beata Peryt, Director at the Commercial Property Finance Department of Bank Pekao.