JDP Drapala & Partners has advised Trei Real Estate on a EUR 40 million financing from the Berlin Hyp real estate and mortgage bank for the company's day-to-day operations.
Trei Real Estate belongs to the Tengelmann group and operates in Poland in the sector of developing retail facilities and residential properties.
According to JDP, “the main asset securing the funding is a portfolio of seven Vendo Parks.”
JDP previously advised Trei Real Estate on a loan agreement with Bank Pekao (as reported by CEE Legal Matters on December 31, 2021), on establishing a retail park development joint venture with Patron Capital (as reported on November 20, 2021), and, in 2020, on obtaining EUR 51 million in financing for its Polish subsidiaries from PBB Deutsche Pfandbriefbank (as reported by CEE Legal Matters on October 8, 2020).
JDP’s team included Partner Maciej Chrzan, Counsel Michal Urbanski, Co-Head of Tax Michal Jagielski, and Associates Daria Gromotka and Dominik Grzegorzewski.
JDP was unable to disclose further information on the deal.
