novembre 13, 2019

APSYS REFINANCED POSNANIA

Apsys refinanced Posnania, its Polish flagship, with a senior loan of 300 million euros with a 10-year maturity, taken out with Allianz Real Estate, and, on this occasion, acquired the entire capital of this iconic 100,000 sqm asset located in Poznan. In 3 years, Posnania, which receives 12.5 million visitors per year, has established itself as the essential “retail and lifestyle” destination in its region, one of the wealthiest in Poland, with performances always beyond of the expected. In 2018, Posnania received the ICSC Trophy for « Best European Shopping Center ». This refinancing confirms Apsys in its strategy of developing iconic projects and praises the performance of its teams in Poland, a country in which it is the leader in property management (with 34 managed centers, representing around 10% of the surface market). In Poland, Apsys has a 120,000 sqm development pipeline, including a mixed-use project in a large regional city and a housing project in Warsaw.

Read the press release