German lender pbb Deutsche Pfandbriefbank has provided a £38.5 mln (€45 mln) facility to Pembroke Real Estate for the refinancing of the acquisition in February of One Grafton Street, London.
German lender pbb Deutsche Pfandbriefbank has provided a £38.5 mln (€45 mln) facility to Pembroke Real Estate for the refinancing of the acquisition in February of One Grafton Street, London.
The loan agreement closed in June 2013.
One Grafton Street is a 3,500 m2 office property, which was redeveloped in 2010 behind a retained facade. I). The property comprises Grade A+ office accommodation on ground and six upper floors, four retail units and one luxury residential apartment.
'This is the first loan that pbb has extends to Pembroke Real Estate, showing the bank's willingness to lend to new high quality clients,' said Charles Balch, head of real estate finance international clients, UK and CEE at pbb Deutsche Pfandbriefbank.
