Varso Place secures new finance milestone 👏📈
It all began with a record-breaking loan of €475 million, supported by five leading banks who trusted in the vision of Varso Place from the very start. Namely Santander Bank Polska, Helaba, Bank Pekao S.A., Berlin Hyp and Deutsche Hypo NORD/LB Real Estate Finance.
Today, that trust has grown even further. Two new banks – PKO Bank Polski and Erste Group – have joined the consortium, bringing the total to seven major financial institutions backing this landmark development in the heart of Warsaw.
Together, they’ve enabled us to increase the loan to €510 million, refinanced for a five-year term.
As our CFO Tomas Krajcir put it:
💬 “A project of such scale and prestige requires the involvement of large and credible financial partners. Their trust and improved conditions within financial markets allowed us to increase the financing amount and secure better terms. This transaction also underscores HB Reavis’s position as a strong European player in the design, construction, and management of real estate.”
Read the full story here. 👉 https://hbreavis.com/en/press/record-breaking-refinancing-of-varso-place-new-lenders-join-the-credit-consortium/
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The third Varso Tower Run broke records and supported a good cause
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@highlinewarsaw is now open! 🌇
A new horizon: the observation deck at the top of Varso Tower rises 230 meters above Warsaw. 🙌
And it’s open for everyone to head up and soak in the views of Poland’s capital from a perspective the city has never seen before.
Explore level 46, 49, and 53 — featuring a multimedia exhibition on Warsaw’s architectural history, a souvenir shop, a lush green garden, and the High Garden Rooftop Lounge with its own food and drinks menu. 🍝🍹
The city’s newest attraction offers not only breathtaking skyline views, but also a place for meetings, inspiration, and unforgettable moments.
✨ Come and experience a whole new Warsaw!
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#highlinewarsaw #varsotower
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Magnicity to operate the top of Varso Tower in Warsaw, the tallest skyscraper in the European Union
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