A Landmark Refinancing Deal for Chmielna 89

 

Madison International Realty and Cavatina Holding, prominent players in the real estate sector, have successfully secured a substantial €61 million in refinancing for the acclaimed Chmielna 89 office building. This significant financial transaction was facilitated by Santander, acting as underwriter, lender, and loan agent, with additional support from Bank Pekao S.A. The deal not only highlights the robust financial health and attractiveness of Chmielna 89 but also reaffirms its standing as a valuable asset in Warsaw's dynamic commercial real estate market.

 

Chmielna 89: Defining Class A Excellence in Central Warsaw

 

Prime Location and Unmatched Accessibility

 

Strategically situated in the bustling business hub of central Warsaw, Chmielna 89 offers an unparalleled location between Chmielna Street and Aleje Jerozolimskie. This prime position ensures excellent connectivity and easy access for both employees and clients, making it an ideal choice for businesses seeking a prestigious and well-connected address in the Polish capital. Its presence in the heart of Warsaw's commercial district places tenants at the center of the city's economic activity.

 

Modern Infrastructure and Sustainable Design

 

Completed in 2020, Chmielna 89 is a state-of-the-art office building delivering over 25,000 square meters of premium Class A office space. Designed with modern business needs in mind, the 14-story building boasts a distinctive architectural appearance that has quickly made it a recognisable landmark on Warsaw's skyline. Beyond its aesthetic appeal, Chmielna 89 is committed to environmental responsibility, holding a BREEAM Excellent certification. This ensures a sustainable and energy-efficient working environment, appealing to forward-thinking companies prioritising corporate social responsibility.

 

High Occupancy and Tenant Confidence

 

A testament to its quality and desirability, Chmielna 89 boasts an impressive occupancy rate of over 95%. The majority of its space is secured under a long-term lease agreement with one of Poland's largest financial institutions. This high level of tenant confidence and long-term commitment from a major financial player underscores the building's stability, premium offerings, and its ability to attract and retain top-tier businesses.

 

Why Chmielna 89 is Your Next Strategic Business Move

 

For businesses seeking to establish or expand their presence in Warsaw, Chmielna 89 presents an exceptional opportunity. Combining a strategic central location, cutting-edge Class A facilities, a strong commitment to sustainability, and proven tenant satisfaction, it offers an environment conducive to growth and prestige. Its distinctive architecture and landmark status further enhance its appeal as a corporate headquarters or a significant regional office.

Expert Legal Counsel Behind the Transaction

The successful refinancing deal was supported by a dedicated legal team from Greenberg Traurig. Partner Piotr Nerwiński led the advisory efforts, backed by Counsel Paweł Długoborski, Senior Associates Iga Czerniak and Wiktor Wacławski, and Junior Associate Weronika Kopeć. Local Partner Kamil Majewski, with Senior Associate Jakub Gajzler, advised on real estate aspects, while Partner Radomił Charzyński provided strategic oversight.

Source: propertynews.pl