Refinancing Warsaw Spire Office complex

Acting as arranger, lender and agent, Helaba has provided a long term acquisition facility of EUR 228.6 Mio to a club of Korean and French investors represented by La Française Real Estate Partners International.

Warsaw Spire

Helaba, Berlin Hyp and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility totaling € 370 million to refinance the Warsaw Spire Office complex. The assets are owned by the newly established Ghelamco European Property Fund. The transaction closed in August 2017. Helaba, Berlin Hyp and pbb are acting as Joint Lead Arrangers providing equal portions of the fundings, with Helaba acting as facility and security agent of the transaction. Helaba has been active in the region for more than 10 years and has underwritten loans of several bn Euros since then.

The Warsaw Spire complex consists of 3 buildings totaling 115,000 sqm; the main tower, Warsaw Spire A, with its heights of 220-metre is neighbored by two 55-metre auxiliary buildings, Warsaw Spire B and C. This land mark complex won many awards within the last years including the MIPIM Award 2017 for the best construction project. Implemented in the scheme are new technologies and green solutions which have attracted exceptionally well recognized tenants, committing to long leases on sustainable rents.

InvestmentWarsaw Spire Office complex
CustomerGhelamco European Property Fund
Type of financeLong-term finance
Volume of financeEUR 228.6 Mi
Role of HelabaSole arranger, lender and hedging provider
Unit/DepartmentInternational Real Estate Finance Continental Europe
Closing/fundingAugust 2017
Martin Erbe
International Real Estate Finance Continental Europe

Financing commercial real estate

Large-scale real estate projects have been our core business for decades and throughout all economic cycles.

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