Deutsche Pfandbriefbank and HSBC have jointly underwritten a development for the Valad Polish Retail Fund.
The €117m (£92.8m) loan will refinance existing loans and help to pay for the 215,200 sq ft extension of the Janki shopping centre in central Warsaw.
Pbb will act as the arranger, facilitator and security agent while HSBC will co-underwrite the loan.
The centre currently has a lettable area of 495,000 sq ft and is let to a group of multinational tenants including Nike, Addidas, H&M and an Auchan Hypermarket.
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