The European Bank for Reconstruction and Development (EBRD) is extending a €30 mln mezzanine loan facility to DL Invest Group, a Polish real-estate developer and investor focused on commercial real estate.
The mezzanine loan will support the development of sustainable industrial and logistics real estate projects in the Polish regions.
DL Invest Group is an existing EBRD client, having benefitted from up to €72 mln mezzanine loan in 2021 to fund six build-to-suit warehouse projects with a total gross leasable area (GLA) of 85,000 m2.
The new loan provides the financing needed for three new build-to-suit industrial and logistics development projects for a variety of clients, including a global automotive supplier and a leading regional pharmacy chain. All projects will have strong green credentials.
DL Invest Group develops and then manages high-quality real estate with a minimum “Very Good” BREEAM rating for all projects financed by EBRD.
Elisabetta Falcetti, EBRD Regional head of Central Europe said: 'The EBRD’s first project with DL Invest Group was signed more than a year ago, and the region – and indeed the world – have changed dramatically since then. In this short period of time and against an uncertain and challenging backdrop, the company managed to deliver six new sustainable warehouse projects to what remains a supply constrained market.'
Vlaho Kojakovic, EBRD head of Property and Tourism said: 'We are delighted to extend our cooperation with DL Invest Group, a dynamic and rapidly growing Polish company. The first chapter of our journey has so far exceeded our already high expectations and we look forward to the next one. Modern sustainable warehouse infrastructure is at the heart of resilient and efficient supply chains. The war in Ukraine has made it obvious that Poland has a strategically important geographical location as a logistics and manufacturing hub.'
DL Invest Group is a privately owned Polish real-estate development and investment company, established in 2006.