Bird & Bird advises Bank Pekao S.A. on refinancing the acquisition of the office building in Warsaw
Contacts
Lawyers from the Warsaw office of Bird & Bird advised Bank Pekao S.A. on the financing granted to an Adgar group company which invests in the office real estate sector and operates in Israel, Canada, Poland and Belgium. The financing is intended to refinance the costs of acquiring the office building at ul. T. Czackiego 15/17 in Warsaw, which has been designated as a unique co-working concept called Brain Embassy. The credit facility granted is over 9 million euros in total.
Bird & Bird provided Bank Pekao S.A. with comprehensive legal advice on the transaction, in particular carrying out the legal due diligence of both the borrower and the financed real property, preparing and negotiating credit documentation with the borrower, closing the transaction and assisting Bank Pekao S.A. with disbursement of the credit facility.
The Bird & Bird team was headed by Olga Koszewska (Counsel, Financing Transactions),the financing was managed by: Krzysztof Wiśniewski (Associate, Financing Transactions) and Katarzyna Blusiewicz (Associate, Financing Transactions), the legal due diligence matters were managed by Michał Prochwicz (Counsel, Real Estate), Piotr Jaworek (Associate, Real Estate) and Mateusz Laska (Associate, Real Estate). The whole Bird & Bird team was supervised by Maciej Georg (Partner, Financing Transactions) and by Marcin Świerżewski (Partner, Real Estate) for the legal due diligence.
Olga Koszewska, partner at Bird & Bird says: “We are delighted that Bank Pekao S.A. yet again trusted our firm with this matter – our team boasts many years of experience in real estate finance advisory. This is another financing we have advised Bank Pekao S.A. on in recent months. We congratulate both parties on conducting the financing smoothly and we trust we will have a chance to work together on many new projects in the future”.
Beata Peryt, Director of the Investment Banking and Real Estate Finance Department of Bank Pekao S.A. says: “As one of the leaders in the Polish real estate financing market, we greatly appreciate the commitment and professionalism of the Bird & Bird lawyers and their drive to achieve optimum solutions which allow us to implement our projects very effectively and on time”.