Shopping-center Silesia in Katowice
Helaba and pbb Deutsche Pfandbriefbank arrange EUR 210 million facility for IMMOFINANZ Group’s Silesia City Center for refunding and advancement in Katowice, Poland.
The Silesia City Center, acquired by IMMOFINANZ Group in 2005 and refinanced by Helaba in 2008, is the largest and most modern shopping mall in Upper Silesia.
Located in Katowice, the dynamic hub of the region, the shopping mall started with 66,000 m2 of rentable space providing room for 250 retail outlets. Due to Silesia’s success and increasing interest by national and international retailers, the center was extended by 20,000 m² with an additional 60 stores let to high quality retailers such as Van Graaf, H&M, Smyk Megastore, Stradivarius, Massimo Dutti and KappAhl. The extension was opened in October 2011 and saw over 300,000 visitors within the first week.
Helaba and IMMOFINANZ Group see this as a landmark transaction in the current CEE real estate financing market.
