Crestyl Group and Spravia secure €165m in financing

The Crestyl Group and Spravia have secured €165 mln in financing from funds managed by Apollo, a global alternative asset manager. 

Spravia residential project

Griffin Capital Partners also joined as a minority co-investor.

This funding will fuel the Crestyl Group's expansion in Poland and bolster Spravia's standing in the real estate sector. The deal is a crucial step in the Group's growth strategy, enhancing its financial flexibility and providing a strong base for future projects.

The transaction also highlights the increasing appeal of the Polish residential market to international investors, underscoring its growing importance within the European investment landscape.

Magda Pokorná, chief corporate officer of the Crestyl Group, said: “The Polish market is key for us, and the funding we have secured will enable us to significantly expand the operations of Spravia.”

Łukasz Białecki, CFO of Spravia and member of the Management Board, commented: “This is an important moment for our organisation and a clear vote of confidence not only in our company, but also in the Polish residential market from a global financial partner. The funds we have secured strengthen our market position and support the continued growth of our business in Poland.”

Edward Jones, partner at Apollo, added: “We are pleased to begin our support of the Crestyl Group and Spravia. We see strong potential in the Polish market and are excited about the Group’s long-term growth prospects.”

Rothschild & Co, Allen Overy, Shearman Sterling and White & Case advised on the transaction.