Warsaw/Mainz, 24 February 2010 - Westdeutsche ImmobilienBank AG (WestImmo) acting as Agent and Arranger has provided MGPA, Europe Fund III, L.P., with approx. €119,8 financing facility for 2 modern shopping centres in Poland.
“Karolinka” Shopping Centre opened in 2008. It is located in Opole, near the Czech border, ca 310 km south west of Warsaw. It comprises over 70,000 sqm space and is let to 127 national and international retailers.
“Pogoria” Shopping Centre comprises a hypermarket and a retail gallery, both opened in 2008, and the DIY store which is under construction to be completed in March 2010. The property is located in the city centre of Dabrowa Górnicza, Southern Poland, near Katowice.

Martin Erbe, Managing Director Continental Europe at WestImmo commented: “The acquisition of these two modern shopping centres happened in difficult times and market circumstances. It is one of the biggest investment deals in CEE in 2009 and clearly shows the recovery of the market. WestImmo together with its partners arranged and closed this transaction in a very tight time frame thanks to the professional approach of all parties and we are very happy to assist MGPA with another important financing this year.”

WestImmo is one of Germany's leading commercial real estate financers and maintains a strong presence in the Western, Central and Eastern European markets, as well as in North America and Asia. WestImmo's corporate customers include global institutional investors, international developers and companies operating in the real estate sector. In 2009 WestImmo has committed more than € 6 bn new loans to its clients worldwide.