The Crestyl Group and Spravia have signed an agreement with Apollo Funds to provide Spravia with financing of over PLN 700 million

The Crestyl Group and Spravia have announced that funds managed by Apollo, a global alternative asset manager, have entered into a EUR 165 million financing agreement with Spravia, equivalent to more than PLN 700 million. Griffin Capital Partners participated as a minority co-investor alongside the Apollo Funds.

The financing will support further growth of Crestyl Group’s operations in Poland and strengthen Spravia’s position in the real estate sector. The transaction marks an important step in the Group’s growth strategy, enhances its financial flexibility and provides a solid foundation for future projects.

The transaction underlines the attractiveness of the Polish residential market to international capital and highlights the market’s growing importance in the European investment landscape.

“The Polish market is key for us, and the funding we have secured will enable us to significantly expand the operations of Spravia,” says Magda Pokorná, Chief Corporate Officer of the Crestyl Group.

“This is an important moment for our organization and a clear vote of confidence not only in our company, but also in the Polish residential market from a global financial partner. The funds we have secured strengthen our market position and support the continued growth of our business in Poland,” said Łukasz Białecki, CFO of Spravia and Member of the Management Board.

“We are pleased to begin our support of the Crestyl Group and Spravia. We see strong potential in the Polish market and are excited about the Group’s long-term growth prospects,” said Edward Jones, Partner at Apollo.

The transaction was supported by advisors to both parties. Rothschild & Co acted as financial advisor, while Allen Overy Shearman Sterling was legal counsel to Apollo and White & Case was legal counsel to Crestyl Group and Spravia.