€9.5 Million Financing from ING Bank for M Park Plac Vogla

LCP Properties, part of the M Core a key player in Poland's commercial real estate market, has secured €9.5 million in financing from ING Bank for M Park Plac Vogla in Warsaw's Wilanów district. This funding reinforces the financial foundation of the project and enables the company to continue its expansion in Poland, aligning with its strategic goal of becoming a leader in the retail park sector.

M Park Plac Vogla, acquired by LCP Properties in December 2022, has become a central shopping destination for the Wilanów community. Recent milestones, including BREEAM certification at the Excellent level and its integration into the M Park brand, underscore its significance within the LCP portfolio.

Securing this financing marks a pivotal moment in the company’s growth strategy. It not only ensures the continued development of M Park Plac Vogla but also strengthens LCP’s capacity to execute future projects across Poland.

"This transaction is a significant achievement and signals the start of what we anticipate will be a lasting partnership between LCP Properties and ING Bank," said James Fife, CEO of LCP Properties. "We believe this collaboration with a respected financial institution will be instrumental in advancing our plans for the Polish market."

CFO Piotr Polakowski added, "We are grateful to the ING Bank team for their professionalism and support, which allowed us to secure favorable terms in a timely manner. This financing reinforces our commitment to expanding our retail portfolio in Poland."

As LCP Properties continues to enhance its presence in the country, the focus remains on acquiring prime retail plots and expanding its existing assets, including M Park Plac Vogla. The company's growth is a response to the rising demand for well-located retail parks, positioning LCP to capitalise on the evolving market dynamics.