Aareal Bank announced the closing of a financing agreement with Ghelamco Group at the end of the second quarter of 2021. As sole agent, arranger and lender, Aareal Bank is providing a senior loan in the amount of EUR 312.5 million to Ghelamco Group. The loan will be used to refinance a newly constructed development located in the western part of the dynamic business district in Poland's capital. The project comprises modern, high-quality and high-rise buildings in a multi-functional complex, known as The Warsaw HUB: there are two 130-meter office buildings, together with an 86-meter hotel tower connected by a common podium. The complex is the most innovative project completed by Ghelamco and combines all functions necessary for the operation of a modern business. The 118,000 sqm of floor space includes top-class office and co-working spaces, a conference centre, the Crowne Plaza and Holiday Inn Express hotels, retail and service premises and a fitness club.