Cooperation between Hillwood Poland and BNP Paribas bank continues
BNP Paribas is financing new Hillwood Poland investments worth over 44 million EUR. Hillwood Poland, a leading developer of commercial spaces, signed a loan agreement with BNP Paribas, worth over 26.7 million EUR for the construction of a logistics park in Syców. Over the last six months, the bank financed the construction of two other Hillwood investments worth 18 million EUR in total – in Siechnice and Rawa Mazowiecka.
“We are happy to have the support of BNP Paribas bank in building our logistics park in Syców. We are content with the cooperation with our partner and above all with the swift process of negotiating commercial conditions and a quick credit decision”, says Hubert Michalak, President of the Board at Hillwood Poland. The Syców warehousing park utilizes a number of solutions that are in line with our sustainability policy. Like at all our other warehouses, energy-efficient LED lighting was installed, and part of the equipment will be powered with green energy from a photovoltaic farm. Instead of typical lawns, the area surrounding the premises will be sown with flower meadows, not only to please the eye with the colorful flowers, but also to provide savings and create a better natural microclimate around the park”, he adds.
The transaction is another example of pursuing the BNP Paribas Group’s mission – we are financing a project that will be executed according to sustainability principles and utilizing many environmentally-friendly solutions”, says Marek Kowalski, Head of Structured and Real Estate Finance, BNP Paribas.We value cooperations with partners who share our values and sustainable business strategy. I am happy to be able to extend our existing cooperation with the Hillwood Group and to finance the construction of the Syców warehousing park”, he adds.
Hillwood Syców is a logistics center located a little over 50 km off Wrocław, at the border of the Greater Poland and Lower Silesia voivodships, directly at the S8 expressway. The two halls will offer a total of 87.698 sqm of modern warehousing space. The park’s location ensures swift access to the Wrocław agglomeration and the A4 motorway. Operations of the complex will be initiated in June this year.
Throughout the Hillwood investments in Syców, Siechnice and Rawa Mazowiecka, BNP Paribas was supported by the team from CMS Cameron McKenna Nabarro Olswang law firm in Warsaw, while Hillwood was supported by Clifford Chance.
Hillwood is one of the global commercial real estate leaders with over 30 years of expertise in investments throughout Europe and North America. The company has built over 20 million sqm of warehousing space worldwide, including over a million in Poland.
Hillwood has been present in the Polish market since 2014, building modern logistics and commercial centers for lease, also in the BTS (built-to-suit) model. The company also handles acquisitions and property management. Hillwood Poland is active in the main warehousing markets, such as Warsaw, Central Poland, Wrocław and Upper Silesia, also investing in new, prospective locations, such as Częstochowa, Kutno or Świebodzin.
For further information about the Hillwood Syców project, click here.
Current information about the Hillwood Poland offer is available here.