Developer White Stone and asset manager MF Capital have obtained long-term financing of around €35 mln for their office development scheme situated in Mokotów, Warsaw.

Developer White Stone and asset manager MF Capital have obtained long-term financing of around €35 mln for their office development scheme situated in Mokotów, Warsaw.

The loan was granted by Bank Pekao.

The seven-storey office development, designed by architects Kuryowicz & Associates, is already under construction at Konstruktorska Street. Once completed in August 2015, the modern class-A office complex will offer around 23,000 m2 of gross lettable area.

The complex is fully let to mobile operator Plus on a long-term lease agreement, said Jan Schwarz, managing director of MF Capital.

The general contractor of the project is SPS Construction. Chajec, Don-Siemion & Zyto law firm advised in the process.