Focus Estate Fund structured EUR 13.5 mln loan facility to expand its operations in Poland

Published date: 25/11/2021

Real estate investment Focus Estate Fund has signed a loan agreement with BNP Paribas Bank Polska for 13.5 million euros. The funds will be used to increase the Polish portfolio of FEF, as well as for further improvements at three fund’s properties in Poland. It refers to Eden Retail Park in Zgorzelec (GLA – 9,537 m2), Galeria Sandomierz in Sandomierz (GLA – 4,383 m2) and Galeria Awangarda in Bartoszyce (GLA – 6,056 m2). It should be noted that this is not the first deal with BNP Paribas Bank Polska, the bank has already financed the Fund’s assets.

“Despite the restrained position on retail in general, our feedback on Focus Estate Fund’s spotlight on the format of retail parks and convenience shopping centers is positive. Obviously, this category of retail is the least exposed to market fluctuations and risks associated with the pandemic, ”- BNP Paribas Bank Polska commented on the deal.

“Without any doubt, we are pleased to intensify cooperation with our banking partner BNP Paribas Bank Polska. BNP has supported the Fund’s plans to implement a value-add strategy in the Central European markets by offering good conditions. Cooperation with the Bank during the pandemic is a reliable testament to the sustainability and stability of our assets, which continue to demonstrate attractiveness to financial partners, investors, tenants and consumers. With this vote of trust, we can enter into negotiations on the purchase of new retail properties in Poland ”, – said Maxim Shkolnick, Focus Estate Fund Partner.

Focus Estate Fund is to announce the acquisition of new shopping centers in Poland in the nearest future.

Focus Estate Fund – Real estate investment fund focusing on non-prime retail properties in Central and Eastern Europe. The Fund’s strategy is to invest in the existing mid-scale commercial properties in the most dynamic European markets.

BNP Paribas Bank Polska S.A., which has been listed on the Warsaw Stock Exchange since 2011, is a member of the BNP Paribas banking group whose footprint spans 68 countries. In Poland, as a universal bank with a global reach, it provides services to retail customers and other segments including Wealth Management, microbusinesses, SMEs and corporate banking. As it advocates green initiatives, BNP Paribas supports its clients in the transition to a low carbon economy, endeavors to curtail the adverse impact of its operations on the natural environment and inspires clients to make good financial decisions. The Bank has provided funding for more than 27 thousand households to install photovoltaic panels. The Bank also consistently pursues its strategy of financing businesses in Poland while also supporting investments of strategic importance to the country with a positive social, economic and environmental impact.

For any additional information please contact:

Oksana Rakova

Press-coordinator of Focus Estate Fund

Mob: + 38 050 5170077