pbb Deutsche Pfandbriefbank has provided a €30 mln loan to German residential builder Barmer Wohnungsbau of Wuppertal.
pbb Deutsche Pfandbriefbank has provided a €30 mln loan to German residential builder Barmer Wohnungsbau of Wuppertal.
The loan is secured by a real estate portfolio comprising more than 1,000 residential and commercial units and a total area of more than 67,000 m². The transaction was completed in December 2012.
The listed KWG Kommunale Wohnen is the majority shareholder of Barmer Wohnungsbau. According to information provided by the companies, the companies plan to use some of the funds which have been made available for further expansion by acquiring additional residential portfolios for Barmer Wohnungsbau.
