Hillwood Polska continues cooperation with Bank Pekao S.A.

In 2022, Bank Pekao S.A. signed loan agreements with Hillwood for the financing of six investments with a total value of over 155 million euros, including the latest Hillwood project in Łódź Chocianowice

The production and warehouse space developer Hillwood Polska has signed a loan agreement with Bank Pekao for an amount of over 54.4 million euros for the construction of a logistics park in Łódź Chocianowice. 

Hillwood Polska and Bank Pekao share a long-term, fruitful cooperation. Since the beginning of the year, the bank has granted a loan for the financing of six Hillwood investments, for a total amount of 155.4 million euros, financing, among others, projects in Łyszkowice, Piekary Śląskie and Słubice.

The Hillwood Łódź Chocianowice logistics park will be commissioned in the 3rd quarter of next year and will deliver over 97,000 sqm of modern production and warehouse space to the market. The project will be built with the utmost care for environmental protection and will be certified under the BREEAM system at the Excellent level.

– We are very pleased with the cooperation with our banking partner. We appreciate the professional service at every stage, primarily the efficient course of financing parameter negotiations, quick credit decision-making and the effective process of negotiating credit documentation – says Hubert Michalak, President of the Management Board of Hillwood Polska.– Investments conducted by us in Central Poland enjoy great interest among tenants. Łódź is an excellent transshipment point, where sorting centers of the largest courier companies and warehouses for the e-commerce sector are being built. Demand for warehouses in the region is not weakening, and the vacancy rate for the first half of the year was at a low level, slightly over 4 percent. – he adds.

– Project in Łódź is already the 17th Hillwood investment financed by Bank Pekao. This shows how important and strategic a partner for Pekao the Hillwood Group is. Just as in the case of other Hillwood logistics centers, this project combines an excellent location and the highest ESG standards confirmed by a BREEAM certificate, and thus fits perfectly into the strategy of Bank Pekao – says Łukasz Białecki, Director of the Commercial Real Estate Financing Office at Bank Pekao.

In the financing process of the Łódź Chocianowice project – Bank Pekao S.A. was supported by the team of the Warsaw office of the law firm CMS Cameron McKenna Nabarro Olswang, while the developer Hillwood Polska was advised by the law firm Clifford Chance.