SKJB’s scope of work included the legal due diligence of all 14 retail parks and the preparation of due diligence documentation, for the purposes of the financing process.
As announced by Newgate Investment, the company secured approx. EUR 72 million in portfolio debt financing from Erste Bank Polska, consisting of a portfolio of 14 retail assets. The transaction represents one of the largest financings in Poland’s retail park sector completed recently, as well as the largest retail park portfolio refinancing provided by a single bank this year.
We are proud to have supported NEWGATE INVESTMENT on a project of such scale and significance for the Polish retail real estate market.
We would like to thank NEWGATE INVESTMENT for its trust and excellent cooperation and congratulate the company on the successful closing of this important transaction.