ING Bank Slaski S.A. and ING Bank N.V. have jointly signed a €193 million term loan facility to refinance senior debt related to the Bonarka City Center shopping mall.
The mall was developed by TriGranit Development Corporation, one of the largest privately owned development corporations in Europe. The loan for Bonarka City Center was closed on February 27, 2015. Opened in 2009 with a total area of around 92,500 sq m, it is the biggest shopping center in Krakow, Poland. Bonarka City Center has long-term tenant contracts in place and welcomed more than 13 million visitors in 2014, a 4.4% annual increase in visitor numbers. The success of the transaction demonstrates the project’s potential, the strength of the underlying assets, as well as TriGranit’s solid track record as a developer.
Last year, City Aréna in Trnava, Slovakia, became the property of real estate developer Peter Korbačka. He and Sonae Sierra have recently signed a joint venture agreement to acquire three shopping centers in Spain for a total of EUR 485 million.
In this interview, Steffen Hofmann and Klaus Mennickheim, Managing Partners of iMallinvest Europe GmbH, share their profound views on current trends in the German retail real estate market with ACROSS.
VIA Outlets is continuing the transformation of its portfolio across Europe. An expansion and remodeling program of €29 million, focusing on three outlets in Sweden, Spain, and Poland, began last autumn to help increase the overall guest experience and better position the outlets as premium shopping destinations across Europe.