- Acquisition of a portfolio of four business parks located in Paris region
- Portfolio comprises 53 assets located in strategic and mature markets
Munich/Paris, 21 February 2017 – pbb Deutsche Pfandbriefbank has provided a six year acquisition facility of €64 million to several property companies held by a dedicated Holding company managed by AEW Europe. The transaction closed end of December 2016. pbb acted as arranger and sole lender under the facility.
The facility finances the acquisition of a portfolio of four business parks in the Parisregion (Villebon, Evry, Antony and Cergy). The portfolio comprises 53 buildings totalling around 220.000 m² (59% Office and 41% light industrial) and occupied by over 200 tenants.
Charles Balch, Head of Real Estate Finance International, UK & CEE at pbb
Deutsche Pfandbriefbank, said: “This deal further consolidates the existing good
relationship with AEW and finances an attractive asset base in a core market for