Dentons advises Santander Bank on Silesia Business Park acquisition finance

Dentons’ Banking and Finance team in Warsaw advised Santander Bank Polska S.A. on a €42 million and PLN 60 million financing granted to Galtair, a special purpose vehicle controlled by ISOC Group, for the acquisition of Silesia Business Park C and D office buildings from Skanska.

The subject of the sale agreement between ISOC and Skanska consisted of two new Class A office buildings with leasable area of more than 24,000 sq.m. located in the rapidly developing business district in Katowice (Poland).

The scope of Dentons’ legal advice involved the preparation of all finance documentation required for the project and a due diligence report.

Partner Mateusz Toczyski, Head of Dentons’ Banking and Finance practice in Europe, supervised the project. Counsel Krzysztof Kaźmierczyk led the transaction team with the support of associate Jakub Walawski. Dentons’ Real Estate team in Warsaw advised Skanska (read more).

The ISOC Group is a diversified real estate and infrastructure investment company based in Manila, Philippines. The acquisition of the Silesia Business Park office buildings is one of its first real estate transactions on the Polish market.

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