Dentons has advised ERSTE Group Bank AG on the extension of a €40 million loan to LCP Poland, part of the M Core collective, a British commercial real estate investor and developer. The financing will be used to refinance the existing debt of the EMKA shopping center in Koszalin.

EMKA Koszalin is a modern, three-story shopping center with a total area of 22,000 sq.m., located in the heart of Koszalin (Northern Poland), just 13 km from the Baltic Sea. Opened in 2002, it was the first shopping mall in Koszalin. After a thorough modernization, the next phase of the facility was opened in 2023. Currently, EMKA Koszalin offers nearly 70 commercial premises occupied by Polish and international brands, as well as a dedicated dining zone. The shopping center has obtained BREEAM certification, achieving an "Excellent" rating in both the Asset Performance and Management Performance categories.

Dentons' team in Warsaw provided comprehensive support for the lender, including the preparation, negotiation, and signing of financial documentation. Additionally, Dentons advised on real estate matters and prepared a due diligence report on the property.

Partner Bartosz Nojek, Co-Head of the Banking and Finance practice in Warsaw, and managing counsel Jakub Zienkiewicz led the transaction, supported by associate Krzysztof Chlebowski. Real Estate partner Bartłomiej Kordeczka together with counsel Kornelia Borowiec and associate Aleksandra Kępas were responsible for conducting the due diligence report.

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