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The Warsaw Voice » Real Estate » March 5, 2008
The Real Estate Voice
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Experts in Property Leasing
March 5, 2008   
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Poland's commercial property market is in a period of fast growth, stimulated by the influx of foreign investment and the expansion of Polish companies. There is still a shortage of office space in the largest urban centers and the best locations, as well as a shortage of logistics and warehouse space in the south of the country."

Within ING Group, ING Lease is a division of the Wholesale Banking business line. ING Lease operates on a European scale, has nearly 2,345 employees and is currently one of the top five international lease companies in Europe, with operations in 15 countries.

ING Lease Polska was set up in 1996. Since then, its has expanded to become one of the largest leasing companies in the country and the leader on the real estate leasing market. Its products and financing schemes are adjusted to clients' needs and expectations. ING Lease Polska offers real estate and movable assets financing in Poland and abroad.

The company leases completed premises and those under construction. Some transactions are leaseback schemes. Office buildings, logistics centers, warehouses, manufacturing plants, shopping centers, supermarkets and hypermarkets are the properties that the company finances most frequently. Poland's commercial property market is in a period of fast growth, stimulated by the influx of foreign investment and the expansion of Polish companies. There is still a shortage of office space in the largest urban centers and the best locations, as well as a shortage of logistics and warehouse space in the south of the country.

Prospects for the Polish real estate market are still very good because the economy is in a period of fast growth and structural changes. The impact of the U.S. subprime mortgage crisis on the Polish market has not been very strong, although it is obvious that financial institutions have introduced stricter criteria for speculative investment projects.

Apart from real estate, ING Lease also leases machinery, equipment, production and process lines, and transport fleets. Its services are targeted at large corporations and small and medium-sized companies. As ING Lease is present in 14 European countries, international deals play an important role in the operations of ING Lease Polska. The company conducts lease transactions in Central, Western and Eastern Europe, including in Russia, Ukraine, the Czech Republic, Slovakia, Hungary and Romania. The Structured Leasing Services (SLS) division in Warsaw handles all related procedures. A team of experts prepares schemes tailored to the specific legal and tax requirements existing in each country in this part of Europe. As a part of international funding schemes, the company offers umbrella facilities, or a leasing limit for investments undertaken by Polish companies in Western, Central and Eastern Europe. The benefit for the client is that they have to file related documents only once, with ING Lease Polska, while the leasing limit is used by the client through leasing contracts signed in particular countries. Most of these deals are transactions of considerable value and concern property leasing.

Clients benefit in many ways from our experience and knowledge of alternative funding schemes. Try us out.

Mariusz Kurzac
President ING Lease Polska
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