Dentons Warsaw has advised HB Reavis on the EUR 350 million financing granted to its three subsidiaries by a syndicate of Santander Bank Polska, Helaba, Bank Pekao, and UniCredit for the construction of Varso Place in Warsaw. The banks were advised by DLA Piper.
Dentons describes the financing as "the largest construction loan in the history of the Polish real estate market."
The development of Varso Place, which will include a 53-floor high-rise building of approximately 144 500 square meters, is already underway. According to the DLA Piper press release, when construction is completed in 2021, the Varso Tower, will be the tallest office building in the European Union.
Dentons’ team consisted of Partner Mateusz Toczyski, Counsels Bartosz Nojek, Piotr Nerwinski, and Tomasz Krasowski, and Associate Magda Kulesza.
The DLA Piper Warsaw team consisted of Partner Mariusza Hyla, Counsel Bartek Palusiak, and Associates Jakub Zienkiewicz, Marta Piotrkowicz, and Jaroslaw Spodar.