Munich/London/Warsaw, 4 August 2022 – pbb Deutsche Pfandbriefbank has provided a 50 mn EUR credit facility to Macquarie Asset Management on behalf of one of its managed accounts. The facility will be used to refinance the acquisition of a portfolio of newly built City Flex logistics properties in Poland. pbb acted as arranger and sole lender under the facility.
The industrial portfolio consists of logistics, warehousing and light production elements and was acquired from the developer 7R. The newly-built Class A assets are part of 7R’s City Flex concept, which aims to provide warehouses that have greater efficiency and flexibility to logistics operations. They are strategically located in recognized industrial hubs and serve companies that are in need of smaller warehouses located close to city centers. The portfolio provides a total of approximately 96,000m² of gross lettable area.
Charles Balch, Head of International Clients, UK, CEE & USA at pbb Deutsche Pfandbriefbank said: "We have a long standing relationship with Macquarie Asset Management and we are very pleased to support the business and their client in their recent acquisition in Poland. We are looking forward to other transactions with Macquarie Asset Management across all European and US real estate markets.”
Nina Lux, +49 89 2880-11496, email@example.com
Note to editors:
pbb Deutsche Pfandbriefbank (www.pfandbriefbank.com) is a leading European commercial real estate and public investment lender. It is a leading issuer of Pfandbriefe and an important issuer of covered bonds in Europe. Deutsche Pfandbriefbank AG is listed on the Frankfurt Stock Exchange.
In addition to Germany, the main business focus is on the UK, France, the Nordic countries and selected countries in Central and Eastern Europe. In these core markets, pbb offers its customers a strong local presence with expert knowledge across the whole spectrum of the financing process. As a result of its competencies in loan structuring, its cross-border approach and co-operation with funding partners, pbb is able to complete both complex financings and cross-border tranactions.