Torus Group and J&T Banka have announced their signing of a loan agreement for Gdynia City Logistics - a state-of-the-art urban logistics park developed and managed by the borrower.
Torus is proud to announce the launch of Torus Gdynia City Logistics, the latest addition to our portfolio of logistics projects in the Tri-City area. This initiative, realized in cooperation with our partner BTV, has garnered recognition not only from our valued tenants but also from esteemed international financial institutions, underscoring the project's significance in the logistics sector. We are thrilled to see our project acknowledged at such a prestigious level. I believe it is the quality of facilities provided by Torus that sets us apart in the competitive commercial real estate market. Torus Gdynia City Logistics represents our commitment to excellence and innovation in the logistics industry, and we look forward to its positive impact on the Tri-City community,”
said Tomasz Pietrzkiewicz, CFO and Vice President at Torus.
We are pleased to announce the successful signing of the loan documentation and the disbursement of funds to finance Torus and their Gdynia City Logistics project. This loan reflects our commitment to delivering tailor-made financial solutions meeting the specific needs of our clients. It is another step in our efforts to expand corporate lending operations in Poland and establish enduring partnerships with leading market players. I would like to offer my thanks: to Torus for their seamless collaboration and constructive approach; to Cushman & Wakefield for facilitating the transaction; and to KSB along with Wardyński & Partners for their excellent legal support. Last but not least, I have a debt of gratitude to my colleague Marek Frey, who is leading our Polish activities,”
stated Jan Kotek, Member of the Board of Directors at J&T Banka and Head of Corporate Lending.
We are thrilled to have teamed up an exceptional real estate project with an innovative and compelling banking solution. Torus’ Gdynia City Logistics stands as a premier urban logistics asset, representing a strategic addition to J&Ts growing financing portfolio in Poland,”
concluded Bartłomiej Sutkowski, Associate, Capital Markets, Cushman & Wakefield.
About Torus Group
TORUS is a private development company based in Gdańsk, a leader among Polish office developers. The company’s portfolio also includes hotel investments (including refurbishment), warehouse and residential investments. A solid organizational structure, a large team of professionals and industry experts, as well as rich market know-how allow the company to perform as an investor, but also as a general contractor, leasing and property management company. So far, Torus has delivered to the Tri-City market over 180,000 sqm of leasable space and completed 8 sales transactions of their properties to 7 different funds, for a total amount of over EUR 400 million. To learn more, visit www.torus.pl.
About J&T Banka
J&T BANKA is the seventh largest bank in the Czech Republic by loan book and capital. It is also a leading player in domestic securities underwriting and placement in the Czech Republic and Slovakia a top 10 Czech asset manager. Holding a Czech universal banking license, we provide corporate & investment banking, private banking and asset management services to affluent, primarily Czech and Slovak, clientele. We strategically focus on clients and services requiring a significant degree of individual approach, financing companies owned by high-profile Czech and Slovak entrepreneurs, business activities and projects of our private banking clients, corporate acquisitions and restructurings. Our principal competitive advantage lies in our ability to provide tailor-made solutions with an emphasis on flexibility and speed of execution. We are the only player in the Czech and Slovak market with an in-house capability to arrange financing across the whole capital structure: senior debt, junior/hybrid capital as well as equity. To learn more, visit www.jtbank.eu.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.