Tuesday, 22 July 2025
DL Invest Group has raised €350 million through its first public Eurobond issuance, a significant step for the Polish commercial real estate developer and investor. Investor demand exceeded the offering volume by more than 60 percent, prompting a reduction in allocations. The bonds, which mature in five years, will be listed on the Luxembourg Stock Exchange. Citi acted as sole global coordinator, bookrunner, and ratings advisor for the transaction.
According to Dominik Leszczyński, Founder and CEO of DL Invest Group, proceeds from the bond issue will be used to support the company’s expansion in logistics, industrial real estate, and data centers, as well as to fund acquisitions of new projects in Poland and the wider Central and Eastern European region.
DL Invest Group operates a portfolio exceeding €1 billion in value, with assets spanning logistics and warehouse facilities, mixed-use complexes, retail parks, data centers, and renewable energy projects. The company manages properties occupied by more than 400 tenants and reports a portfolio occupancy rate of approximately 97 percent.
The company’s development strategy focuses on selective investment locations and projects tailored for long-term cooperation with tenants. It maintains integrated operations across development, construction, asset management, and property management, allowing it to adapt projects to tenant requirements and market demands.
DL Invest Group collaborates with various global corporations and institutional investors, including DHL, Inditex, Hutchinson, DPD, Avio GE, Emira Property Fund, Invesco Real Estate, Macquarie Capital, and the European Bank for Reconstruction and Development. Its financial partnerships extend to banks such as BNP Paribas, Santander, ING, and mBank.
In preparation for the bond issuance, the group obtained credit ratings from Fitch Ratings and Standard & Poor’s, which it says reflects the company’s financial stability and positions it for further activity in international capital markets.
Leszczyński noted that the Eurobond issuance underscores growing confidence in the Polish commercial real estate market and the broader economy, which he described as maintaining strong growth momentum within Europe.
DL Invest Group continues to pursue projects across logistics, office, and retail segments, emphasizing architectural quality, functionality, and rigorous execution standards. Its integrated business model enables it to oversee projects from design and development through to active asset and property management.
