February 27, 2025HENDERSON PARK AND EPP SECURE €148.6 MILLION REFINANCING ON THREE POLISH OFFICES
20 February 2025 - Henderson Park, the international private equity real estate firm, and EPP, the asset manager of office properties, have successfully secured a EUR 148.6 million loan from Berlin Hyp AG and PKO Bank Polski to refinance a Polish office portfolio.
The three assets, which comprise the Malta Office Park in Poznan, the O3 Business Campus in Krakow and the Symetris Business Park in Lodz, are owned in joint venture by Henderson Park and EPP.
John Fletcher, Senior Principal, at Henderson Park, commented: “This refinancing reiterates the strength of this Polish office portfolio and the additional value created through a comprehensive asset management programme by the EPP team. With this new facility in place, we look forward to continuing to execute our business plan for the portfolio”.
“The refinancing of the office portfolio, successfully orchestrated by EPP as its asset manager, highlights the quality of the properties and their tenancy. In a challenging market environment, over the past few years we have consistently applied activities to increase the quality of these assets, which has allowed us to maintain the confidence of financial institutions and ensure the portfolio's stability,” said Sylwia Piechnik, Head of Office Leasing and Asset Management at EPP.
The refinanced portfolio comprises over 105,000 sqm of modern, BREEAM-certified office space in key cities across Poland. The Grade A buildings feature contemporary architecture, exceptional workspace quality and are fully powered by renewable energy. Tenants include NFZ, HCLTech, Grant Thornton Frąckowiak, ZF Group and Philips.
Wolf Theiss advised and provided legal services for the lenders, while the borrower was represented by Linklaters.
