Dentons has advised J&T Banka on the extension of a €84 million loan to a company from the GTC Group, a leading investor and developer in the commercial real estate market in Central and Eastern Europe, also active in the German market, intended for the refinancing of the Galeria Północna shopping center in Warsaw. With a representation office in Warsaw since 2025, J&T Banka is a Czech based private and investment bank with activities in the Czech Republic, Slovakia, Croatia, Germany.

Galeria Północna was opened in 2017 as a groundbreaking retail investment in Warsaw, notable for its architectural, functional, and social innovation. Covering 64,000 sqm, it offers not only shopping services but also recreational and entertainment spaces. It was the first shopping center in Poland to provide customers with a rooftop garden and a brine graduation tower. The center also features an engaging program of themed events for the local community, including children and seniors.

Dentons' team provided comprehensive support for the lender, including the preparation, negotiation, and signing of financial documentation. Additionally, Dentons advised on real estate matters and prepared a due diligence report on the property.

The transaction was led by managing counsel Jakub Zienkiewicz with support from associate Krzysztof Chlebowski. Real Estate managing counsel Jarosław Stąpel was responsible for conducting the due diligence report.

Bartosz Nojek, Partner and Co-Head of the Banking and Finance practice in Warsaw, supervised works on the transaction.

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