Allen & Overy has advised the Aareal Bank on its EUR 63.5 million loan to the MLP Group for refinancing the construction of the 140,000 square-meter warehouse and production MLP Poznan West project.
According to the project's website, MLP Poznan West is eventually expected to cover "about 140,000 square meters of modern warehouse and production, and the total area of the park is 29 hectares. Selected buildings hold the prestigious BREEAM certificate. MLP Poznan West is located on the western side of Poznan and next to the S11 expressway. The facility is 7 kilometers from the junction of the A2 motorway and route S11.
The MLP Group is a logistics, industrial, and BTS real estate developer. It established its first logistics park in Poland in 1998. It has since developed 14 parks in Poland and expanded to Germany, Austria, and Romania.
Wiesbaden-headquartered Aareal Bank AG is listed on the Frankfurt Stock Exchange. It oversees property financing in more than 20 countries.
"We are very pleased to have established a relationship with Aareal Bank AG, another banking institution from Germany that looks favorably upon our business model," MLP Group CFO Monika Dobosz commented. "It will give us full financial stability and the ability to expand our operations at a swift pace, solidifying our position in the European market."
The Allen & Overy team was led by Partner Anna Madra and included Senior Associate Malgorzata Jastrzebska and Associates Julia Niedziela and Alicja Rojan.