Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Poland
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Signed
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower or Client: Hines Poland Sustainable Income Fund
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Finance
  • Industry and Trade
Investment Type(s): Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 54.65 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported 50
Converted using 2016-02-26 exchange rate.
Project Cost (USD): $ 185.19 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported 155
Converted using 2016-02-26 exchange rate.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-11
Disclosure Date: 2016-03-17
Hines Poland Sustainable Income Fund
EBRD-45893

Project Description
This project commits EBRD funds to the Hines Poland Sustainable Income Fund, a fund seeking to generate profit through investments in sustainable real estate assets in Poland, with a focus on office and warehouse segments.
Investment Description
HINES PROPERTY FUND is managed by Hines Poland Management Company S.à r. l., a limited liability company organised under the laws of Luxembourg. Hines is an international real estate firm established in 1957. The firm has presence in 199 cities around the globe and has USD 87 billion assets under management, with a portfolio of 531 properties with over 186 million square feet (17 million square meters).
Contact Information
Mieczyslaw Godzisz, Senior Managing Director, Hines Poland mietek.godzisz@hines.com + 48 22 351 24 00 +48 22 351 24 01 www.hines.com ul. Bonifraterska 17 00-203 Warsaw, Poland ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents