pbb provides €117mn for a logistics portfolio in Poland and the Czech Republic to one of GLP’s Logistics Funds 

05.04.2023

Munich/London/Poland/Czech Republic – pbb Deutsche Pfandbriefbank has provided a €117mn  investment loan facility to a Logistics Fund,  managed by GLP. The fund will utilise the proceeds for the refinancing of the development of a logistics portfolio in Poland and the Czech Republic. Pbb acted as arranger and sole lender under the facility.

The portfolio consists of eight assets along key logistic destinations in Po-land and the Czech Republic. All properties are newly built Class A warehouse assets in very good and established industrial locations with direct access to expressways and motorways. The portfolio comprises a total of over 245,000m² gross lettable area and has a well diversified tenant mix.

Charles Balch, Head of International Clients, UK, CEE & USA at pbb Deutsche Pfandbriefbank said: "We are very pleased to support GLP in our first bilateral transaction in CEE. Poland and the Czech Republic are important markets for pbb and we are looking forward to continue working with GLP in the logistics sector in CEE and other European markets.”

 

Media contacts:

Nina Lux, +49 89 2880-11496, nina.lux@pfandbriefbank.com

Note to editors:

pbb Deutsche Pfandbriefbank (www.pfandbriefbank.com) is a leading Euro-pean  commercial real estate and public investment lender. It is a leading is-suer 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 transactions. 

GLP is a leading global business builder, owner, developer and operator of logistics real estate, data centers, renewable energy and related technologies. GLP’s deep expertise and operational insights allow it to build and scale high-quality businesses and create value for its customers. GLP owns and operates assets and businesses in 17 countries across Asia, Europe and the Americas. GLP Capital Partners, a global alternative asset manager with approximately $125 billion in assets under manage-ment as of 31 December 2022, is the exclusive investment and asset manager of GLP. To learn more about GLP, visit www.glp.com/global.