Peakside and Partners Group secure €15 million financing from mBank for Warsaw logistics project

The joint venture between Partners Group and Peakside Capital Advisors has secured over €15 million in financing from mBank to support the City Point Okęcie development in Warsaw. The funding agreement provides property development, investment, and VAT credit facilities, aimed at advancing construction of the urban logistics project.

Partners Group, acting on behalf of its clients, and Peakside Capital Advisors, its investment management partner, entered into the financing agreement with mBank. The arrangement reflects the bank’s confidence in the project and its developers.

“This financing from mBank allows us to move forward with the City Point Okęcie project, delivering a modern urban logistics facility in Warsaw’s Okęcie district,” said Michał Nawrot, Head of Investments CEE at Peakside Capital Advisors. “The financing structure has been designed to align with the project’s development timeline.”

Tomasz Niewola, Head of Structured Finance at mBank, commented: “We are committed to supporting commercial real estate projects in Poland, particularly in the logistics sector. We’re pleased to be involved in this innovative development.”

City Point Okęcie is a Build-to-Suit (BTS) project offering more than 11,000 sqm of warehouse and office space. The development is designed to meet high environmental standards under the ESG framework and aims to achieve BREEAM, LEED, and EU Taxonomy compliance. Plans for the facility include installing heat pumps, rooftop solar panels with a capacity of 450 kWp, and a Building Management System (BMS) for monitoring and optimising energy and water use.

The site is located near Warsaw Chopin Airport, with access via Kinetyczna Street and close connections to the S2 and S79 expressways. Completion is planned for summer 2025.

Legal advice for the financing was provided by DLP Duch, Lisicki & Partners and Deloitte Legal, with technical consultancy from ZIB Projekt.