Deutsche Hypo – NORD/LB Real Estate Finance finances the office property BIG in Krakow, Poland, for Eika Real Estate Fund managed by the Lithuanian Eika Asset Management company. The financing volume of approximately EUR 18.0 million is split into a property loan and VAT loan.
The property, which was completed in 2018, is a Grade A office building with five upper floors and two basement floors (underground car park), a green inner patio and a 200 square metre roof terrace. The space of almost 11,000 square metres is let to three companies – the main tenant is State Street Bank International GmbH. BIG is located in the western part of Krakow and has been awarded a BREEAM New Construction Excellent certificate.
“We are pleased to have gained Eika Asset Management as a customer. With BIG we are financing a modern, sustainable and conveniently located property,” says Beata Latoszek, Head of the Warsaw Representative Office of Deutsche Hypo – NORD/LB Real Estate Finance.
The market value appraisal was prepared by CBRE and the legal support for the sale was provided by the law firm BSJP.
Please quote “BIG SPV Sp.z.o.o.” as the source.