Dentons has advised HB Reavis on obtaining additional funds for the Forest office campus in Warsaw. The syndicate of lenders – Santander Bank Polska, BNP Paribas Bank Polska, Bank Pekao and PKO Bank Polski – has raised the existing loan from €162 million to €205 million. The original funding was granted to HB Reavis in 2020.
Delivered in 2022, the buildings of the Forest office campus are notable for their numerous BREEAM- and WELL-certified green solutions. The project stands out for its public green areas, including a popular plant-filled terrace with a stunning view of Warsaw. The buildings feature many innovative solutions, including an energy-efficient facade and a rainwater harvesting system. Forest offers a total of 78,000 sq m of office space, as well as restaurants and services.
Dentons supported HB Reavis throughout the whole process, including the negotiation of the financing documents and assisting with the immediate utilization. The firm had previously advised the investor on the original financing deal in 2020.
“We are thrilled that HB Reavis approached Dentons once again for legal counsel regarding the financing of the Forest campus. It is always a pleasure and privilege to advise on HB Reavis’ exceptional projects, such as Forest or the Varso Place, which was provided with additional financing earlier this year with our support”, said Bartosz Nojek, Partner and Co-head of Dentons’ Banking and Finance practice in Warsaw.
“It’s been very rewarding to see how all involved parties came together to support this unique green project”, added Patrycja Polasz, Counsel in the Banking and Finance practice team.
Bartosz Nojek supervised the transaction and Patrycja Polasz led the project, with assistance from Aleksandra Czyż (senior associate).
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