EBRD lends €30 million to Polish real-estate developer DL Invest Group
Loan to support the development of sustainable industrial and logistics real estate
Investment contributes to a greener real-estate sector and Poland’s green transition
The European Bank for Reconstruction and Development (EBRD) is extending a €30 million mezzanine loan facility to DL Invest Group, a Polish real-estate developer and investor focused on commercial real estate. The mezzanine loan will support the development of sustainable industrial and logistics real-estate projects across the country.
DL Invest Group is an existing EBRD client, having benefitted from a mezzanine loan of up to €72 million in 2021. The EBRD’s financing helped the company to successfully complete six build-to-suit warehouse projects in regional cities in Poland, with a total gross leasable area of about 85,000 square metres. The new loan strengthens the Bank’s cooperation with DL Invest Group and provides the financing the company needs for three new build-to-suit industrial and logistics development projects for a variety of clients, including a global automotive supplier and a leading regional pharmacy chain. All projects will have strong green credentials.
DL Invest Group, in accordance with its business model, designs, develops and manages high-quality real estate within its own portfolio, with a particular focus on environmentally friendly solutions confirmed by BREEAM certification. DL Invest has committed to attaining a minimum “very good” rating on all projects financed by the EBRD.
A rising economic powerhouse in Europe, Poland continues to lag its western European peers when it comes to quality logistics infrastructure. In particular, there is a limited number of sustainable industrial real-estate assets that are certified according to internationally recognised standards. The EBRD’s cooperation with DL Invest Group, therefore, provides an opportunity to not only further expand real-estate development in Poland, but to do so in a sustainable way, contributing to the country’s green transition.
Elisabetta Falcetti, EBRD Regional Head of Central Europe, said: “The EBRD’s first project with DL Invest Group was signed more than a year ago, and the region – and indeed the world – has changed dramatically since then. In this short period of time and against an uncertain and challenging backdrop, the company managed to deliver six new sustainable warehouse projects in what remains a supply-constrained market. We warmly welcome DL Invest Group’s commitment to delivering high-quality warehousing infrastructure in an efficient and sustainable manner.”
Vlaho Kojakovic, EBRD Head of Property and Tourism, said: “We are delighted to extend our cooperation with DL Invest Group, a dynamic and rapidly growing Polish company. The first chapter of our journey has so far exceeded our already high expectations and we look forward to the next one. Modern sustainable warehouse infrastructure is at the heart of resilient and efficient supply chains. The war in Ukraine has made it obvious that Poland has a strategically important geographical location as a logistics and manufacturing hub.”
Dominik Leszczyński, CEO of DL Invest Group, said “At a time of such dynamic growth for DL Invest Group, it is extremely important to have such an important partner as the EBRD. We are happy to have developed our cooperation with the EBRD with further financing, adapted to the momentum of our growth. This cooperation is the basis for our further development in the years to come.”
BREEAM is the world’s leading sustainability assessment method for master-planning projects, infrastructure and buildings. It recognises and reflects the value of higher-performing assets across the built environment lifecycle, from new construction to in-use buildings and refurbishments.
DL Invest Group is a privately owned Polish real-estate development and investment company, established in 2004, with assets in excess of PLN 2.2 billion. The company has grown into a strong national player, successfully competing against much larger international competitors.
Since it started operating in Poland more than 30 years ago, the EBRD has invested more than €12 billion in the country.