pbb Deutsche Pfandbriefbank has agreed a three-year extension to its €169 mln senior facility to the Central European Industrial Fund (CEIF).
pbb Deutsche Pfandbriefbank has agreed a three-year extension to its €169 mln senior facility to the Central European Industrial Fund (CEIF).
The fund is managed jointly by Valad Europe and Aviva Investors. The agreement to extend the facility was closed in December 2012. Pbb is acting as arranger, sole lender and hedge provider for this facility.
CEIF, a closed-ended Luxembourg FCP (Fonds Commun de Placement), was launched in September 2005. The fund invests in multi-let industrial and logistics real estate assets in Poland, the Czech Republic, Hungary and Romania.
'Pbb Deutsche Pfandbriefbank is pleased to be able to continue to support our clients Aviva Investors and Valad Europe, as they continue to implement their business strategy in this significant portfolio across the CEE region over the coming years,' said Charles Balch, head of Real Estate Finance International at pbb Deutsche Pfandbriefbank.
Pbb Deutsche Pfandbriefbank is a European specialist bank for real estate finance and public investment finance. The main funding instrument is the German Pfandbrief, of which the bank is one of the largest issuers in the market.
