Hillwood Poland closes €155m financing deal with Bank Millennium

Commercial real estate investor and developer Hillwood Poland secured a €155  mln loan from Bank Millennium. 

Industrial Park Tychy by Hillwood

This financing package, which included an acquisition loan and VAT financing, was used to purchase four logistics parks: one in Tychy, one in Bieruń, and two in Wrocław. 
These properties collectively offer 250,000 m2 of leasable space.
Tomasz Jaroszewski, VP, Hillwood Poland, stated: “Our cooperation with Bank Millennium was well-coordinated and efficient throughout the process. Given the scale of the acquisition, flexibility in structuring the financing to reflect the specifics of the assets was crucial. The bank’s quick decision-making enabled us to complete negotiations smoothly and deploy the funds without delay.” 
Bank Millennium was advised by CMS Cameron McKenna Nabarro Olswang, while  Clifford Chance advised Hillwood Poland.
Hillwood Poland is the Polish branch of international commercial real estate developer Hillwood with activities in North America and Europe.