pbb provides €33mn for two business parks in the Czech Republic


pbb Deutsche Pfandbriefbank has provided a €33mn investment loan facility to a SPV, managed by Amesbury. The company will utilise the proceeds for the refinancing of the two business parks near Prague. pbb acted as arranger, agent and sole lender under the facility.

The two parks consist of nine buildings in key light-industrial locations near Prague in Zličín and Chrášťany. All properties are well-leased modern flex-office, warehouse and logistics assets in very good and established light-industrial and logistics hubs with direct access to expressways and motorways. The two parks comprise a total of over 68,900m² gross lettable area and have a well-diversified tenant mix.