German lender pbb Deutsche Pfandbriefbank has agreed medium-term extensions to its €125 mln senior facilities to the Central European Fund, managed by Pramerica Real Estate Investors.
German lender pbb Deutsche Pfandbriefbank has agreed medium-term extensions to its €125 mln senior facilities to the Central European Fund, managed by Pramerica Real Estate Investors.
pbb is acting as sole lender and hedge provider for these facilities.
The facilities refinance three real estate transactions in CEE. They comprise Trinity Park office building in Warsaw with 18,000 m2, A7 Arena office complex in Prague with over 15,000 m2 and a retail portfolio in Slovenia with 69,000 m2.
'The refinancing of these transactions is an integral element of the business plan for the Central European Fund,' said Gary McCausland, head of Structured Finance, European Funds at Pramerica.
