Bank BNP Paribas finances new investments by Hillwood Polska

Hillwood Polska has signed a loan agreement with Bank BNP Paribas worth over 13 million EUR for the expansion of a logistics park in Syców and an agreement worth over 35 million EUR for the expansion of a park in Rawa Mazowiecka.
 
- We are pleased with the support from Bank BNP Paribas in the process of expanding our parks in Rawa Mazowiecka and Syców. Our cooperation with the partner is going well, especially thanks to the efficient negotiation of commercial terms and a quick credit decision - emphasizes Hubert Michalak, President of the Management Board at Hillwood Polska. The investment in Rawa Mazowiecka deserves special attention. The history of the area where the logistics park is currently being built is extremely interesting. Previously, this area was occupied by the tallest office building in Rawa Mazowiecka and meat processing plant buildings, which were closed many years ago. Hillwood invests in brownfield projects, which include the reclamation of degraded post-industrial areas, while striving to limit the impact of its operations on the environment - he adds.
 
Various solutions are used in Hillwood projects in accordance with the sustainable development policy. As in the case of other facilities implemented by Hillwood, the parks in Syców and Rawa Mazowiecka will also be equipped with energy-saving LED lighting, and some of the equipment will be powered by green energy from photovoltaic farms. In the surroundings of the buildings, instead of traditional lawns, it is planned to establish flower meadows, which will contribute to savings and naturally support a better microclimate around the park.
 
- We have been cooperating with the Hillwood Group for many years, supporting our Client in the implementation of its ventures. Each successfully implemented project strengthens our relationship and mutual trust, which is very important for our institution. When choosing projects that our Bank intends to finance, we are guided by both a strict credit assessment and the impact of these projects on the environment, as well as their compliance with the principles of sustainable development. The projects we have financed meet these criteria, and the „brownfield” investment in Rawa Mazowiecka is particularly interesting to us, as it results in the reclamation of degraded areas and the creation of a modern logistics park in this area – our Bank attaches great importance to all activities of this kind - says Marek Kowalski, Director of the Structured Real Estate Finance Department at Bank BNP Paribas
 
In the process of financing the three projects, Bank BNP Paribas Bank Polska S.A. was supported by the team of the Warsaw office of the law firm CMS Cameron McKenna Nabarro Olswang, while the law firm Clifford Chance provided support to Hillwood.