Pekao SA Bank is a part of the UniCredit Group and HB Reavis has been cooperating with it in the Central Europe for many years. The institution is the only lender of the Postępu 14 project. The granted loan amounts to 58 million euro and it will be intended for refinancing of purchase and realization of the Postępu 14 structure in Warsaw.
We appreciate the financial engagement from Pekao SA Bank. It confirms not only the high quality and potential of our investment but also the credibility of HB Reavis as a trusted business partner – comments Stanislav Frnka, chairman of the board in HB Reavis Poland. – We are glad that it is the second positive credit decision from Pekao Sa. The same institution granted us a loan in the amount of 61,55 million euro in December 2013 for financing Konstruktorska Business Center which was the first project of HB Reavis in Poland – adds Frnka.
We are proud that HB Reavis selected Pekao SA Bank for a loaner of its investment once again. We think that Postępu 14 is one of the most interesting office projects which are currently being realized in Warsaw. Bearing in mind the perfect conception, unique architectural project and great potential of arrangement, we are convinced that the investment will attract many tenants – says Marek Koziarek, Managing Director in Department of Structural Financing and Commercial Properties in Pekao Bank SA.
The Postępu 14 office is being realized in the Warsaw Mokotów district at the crossroads of Marynarska and Postępu Streets. The investment is going to deliver 34 445 sq. m of office area class A in June 2015. The project and construction were both planned in order to meet demands of the highest level of the ecological BREEAM Excellent certification. Postępu 14 is the second – after the commissioned Konstruktorska Business Center in March 2013 – investment of HB Reavis in the Warsaw Mokotów district and also the third project which is being realized by the developer in Warsaw.