White & Case Advises Ghelamco on Financing for Construction of 'The Warsaw Hub'
Global law firm White & Case LLP has advised companies from the Ghelamco group on the financing of up to €221 million and PLN 45 million (a total amount of approximately PLN 1 billion), from a consortium of financial institutions including Bank Zachodni WBK S.A., PKO BP S.A., Bank Pekao S.A., Bank BGŻ Paribas S.A. and Raiffeisen Bank Polska S.A., that will be used to construct an office-services-hotel complex called 'The Warsaw Hub'.
Formerly known as Sienna towers, The Warsaw Hub is the latest and the largest of Belgian international real estate investor and developer Ghelamco's projects in Poland. The complex will be comprised of three skyscrapers linked by a common five-story base and have a total area of about 113,000 square metres. Construction is under way and is scheduled to be completed at the beginning of 2020.
In September 2017, White & Case advised Ghelamco on the €370 million refinancing of the Warsaw Spire project.
The White & Case team in Warsaw which advised on the transaction included partner Tomasz Ostrowski, local partners Nicholas Coddington and Michał Matera and associates Aneta Urban and Michał Oleś.
For more information please speak to your local media contact.