Dentons has advised Helaba Landesbank Hessen-Thueringen on its EUR 129 million refinancing of five Accolade warehouse parks in Poland. Allen & Overy reportedly advised Accolade.
According to Dentons, the warehouse portfolio consists of five parks located in Gorzow Wielkopolski, Szczecin, Czestochowa, and Kielce.
Accolade is an investment company providing infrastructure for business in Europe. The company owns a network of 47 industrial parks in the Czech Republic, Poland, Germany, Slovakia, the Netherlands, and Spain.
“This is the second large refinancing of our Polish portfolio, after the first one that we closed in September 2020 and extended in September 2021 amid the COVID-19 pandemic,” Accolade CFO Tomas Prochazka commented. “The times and the market have changed so much since that time for different reasons and have been a real challenge to many players. Accolade’s strategy, however, proved to be bullet-proof and we continue in building long-lasting relationships with the major European banking groups. Financing with our new partner – Helaba Bank – placing confidence in our operations, is here yet another positive verification.”
The Dentons team included Partners Bartosz Nojek and Piotr Staniszewski, Counsel Jakub Zienkiewicz, Associates Justyna Machnicka, Kamil Osowski, Kamil Igielski, Kamil Gapski, Joanna Nawrotkiewicz, and Sebastian Czaplinski, and Paralegal Kamil Bator.