Dentons has advised German banks Helaba, Deutsche Pfandbriefbank, and Berlin Hyp on their refinancing of the Warsaw Spire office complex. White & Case advised Belgian company Ghelamco on the deal. The value of the loan facility was EUR 370 million.
According to Dentons, "the prestigious office complex, situated at Europejski Square in Warsaw, consists of the 180 meter tall Warsaw Spire high-rise tower and two other buildings, comprising jointly 115,000 square meters of office space."
According to White & Case, "the received funds will be allocated, among others, to paying existing debt from the construction costs of the Warsaw Spire and also paying intra-group debt."
The Dentons Banking & Finance team responsible for drafting and negotiating the finance documentation and for coordinating the project was led by Partner Mateusz Toczyski and included Counsel Krzysztof Kazmierczyk and Associates Mateusz Krajewski and Jakub Walawski. The Real Estate team led by Partner Tomasz Stasiak included Counsel Anna Garbula-Węgrzynowska and Senior Associate Magdalena Szwarc-Brozyna. The Tax team consisted of Partner Cezary Przygodzki and Counsel Tomasz Krasowski.
Ghelamco was advised by White & Case Partner Tomasz Ostrowski and Associate Michal Oles.
Image Source: warsawspire.pl