pbb provides €78 mn loan to Tewox for a Polish retail park portfolio
20.11.2025
pbb provides €78 mn loan to Tewox for a Polish retail park portfolio
Munich/Vilnius, 04.11.2025 – Deutsche Pfandbriefbank AG (pbb) has underwritten an investment facility of €78 million to the investment company AB Tewox managed by Lords LB Asset Management. The loan is used for the refinancing of 6 retail parks and the acquisition of two brand new retail parks located in several locations in Poland. pbb acted as arranger and sole lender under the facility.
The portfolio consists of eight assets located in Wroclaw, Glowno, Kalisz, Swidnica, Pulawy, Przemysl and 2 projects currently under acquisition in Poland. All properties are predominantly newly built retail parks in very good, established retail locations with direct access to main roads and close to residential neighborhoods. The portfolio comprises a GLA of 64,000 sqm in total.
Dieter Knittel, Head of CEE at Deutsche Pfandbriefbank (pbb), said: "We are very pleased to support Lords LB Asset Management in the refinancing of a part of their Retail Park portfolio in Poland and we look forward to continuing our successful collaboration.”
Paulius Nevinskas, Manager at Tewox (Lords LB Asset Management), stated: “The successful completion of the refinancing transaction, and having Deutsche Pfandbriefbank (pbb) as our financing partner, positions the company well for its next phase of growth and upcoming acquisitions. Kudos to the pbb team for skillfully navigating the complexities of the process”.
About AB Tewox:
AB Tewox is a real estate investment company managed by Lords LB Asset Management. The company specializes in retail real estate assets in the Baltic Sea Region and holds approximately €170 million of assets with 82,000 sqm of leasable area.
About Lords LB Asset Management:
Lords LB Asset Management is a licensed fund management company supervised by the Bank of Lithuania. It has been providing services for institutional and private investors since 2008. The collective investment undertakings’ assets under management totaled €1.33 billion as of the end of December 2024.