Alior finances Kraków warehouse project

lior Bank has provided PDC Industrial Center 72 with a construction and an investment loan worth EUR 14.85 mln for a warehouse project near Kraków, Eurobuild reports.

PDC 72, which is a joint venture of Marvipol and Panattoni, is to develop a warehouse project on a 7.8 ha site. The bank loan should cover around 75 pct of the total cost of the project and should represent around 70 pct of the value of the completed project. The construction loan is to be repaid by September 7th 2019 with an investment loan worth EUR 15.85 mln, which is to be repaid 60 months after the company first draws on the available funds. Alior also lent the company PLN 14 mln to refinance the VAT, which is to be paid back together with the original construction loan on September 7th 2019.

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