DWF has advised the Karimpol Group on the refinancing of the Skyliner Building by Aareal Bank. Allen & Overy reportedly advised Aareal Bank.
The Karimpol Group is a real estate developer established in Prague in 1991 to develop and lease commercial real estate in CEE countries. At present, the group operates in five countries in the region: Poland, the Czech Republic, Austria, Slovakia, and Hungary.
According to DWF, the Germany-based Aareal Bank granted a five-year financing to a Karimpol Group company, with the financing being “one of the largest single asset office financings in Poland this year. The funds obtained will be used to refinance Karimpol's flagship investment project – the Skyliner office building, at Rondo Daszynskiego in Warsaw.”
The DWF team included Partners Tomasz Kaczmarek and Adrian Jonca, Counsel Katarzyna Stec, Senior Associate Marta Piotrkowicz, and Associate Joanna Sztandera.