Karimpol Polska secures €50 million financing from Bank Pekao S.A. for Skyliner II

Karimpol Polska, the developer behind one of Warsaw’s iconic skyscrapers, Skyliner, has secured €50 million in financing from Bank Pekao S.A. for the second phase of the project at Rondo Daszyńskiego. This deal marks another successful collaboration between Karimpol and Bank Pekao, which had also financed the construction of the first Skyliner tower.

The new financing will allow Karimpol to further solidify Skyliner as one of the most prestigious business hubs in Warsaw. The legal advisor for Bank Pekao S.A. during the transaction was Bird & Bird, while Karimpol received advisory services from CBRE. The €50 million agreement was officially signed in July 2024.

“Continuing our partnership with Bank Pekao S.A. for Skyliner II reaffirms the trust and confidence our financial partners have in us,” said Harald Jeschek and Andreas Prokes, Partners and Board Members at Karimpol Group. “The first phase of Skyliner was met with significant interest, and we are confident that Skyliner II will be equally well-received. This project will undoubtedly contribute to Warsaw’s growing prominence as a European business center.”

Construction on Skyliner II began in February 2024 and is expected to be completed by late 2026. Standing 130 meters tall, the second tower will span 28 floors, offering 24,000 square meters of rental space. Of this, 23,000 square meters will be dedicated to office use, while retail and service units on the ground floor will occupy nearly 1,000 square meters. The building will also feature terrace gardens on the top floors, covering almost 900 square meters in total.

The Skyliner II project has already been awarded the prestigious BREEAM certification at the Outstanding level, demonstrating Karimpol’s commitment to sustainability. Like the first Skyliner, the second phase will be powered by renewable energy. WARBUD S.A. serves as the main contractor, and the architectural design is the work of APA Wojciechowski Architekci.

Bank Pekao S.A. emphasized its role in backing major real estate developments in Poland. “Bank Pekao S.A. is proud to once again support a landmark investment like Skyliner II. Our involvement highlights our commitment to Warsaw’s real estate market and our partnership with one of the industry’s top players, Karimpol Group,” said Dieter Lobnig, Director of the Investment Banking and Real Estate Finance Department at Bank Pekao S.A.

Skyliner II promises to be a major addition to Warsaw’s skyline, enhancing the city’s appeal as a prime business location. As the project moves forward, it is expected to further contribute to the dynamic growth of Warsaw’s commercial real estate market, offering state-of-the-art office spaces in one of the capital’s most sought-after areas.