Pbb Deutsche Pfandbriefbank is providing a €21 mln loan facility to CBRE's European Shopping Centre Fund for its acquisition of Galeria Mazovia shopping centre in the Polish city of Plock.

Pbb Deutsche Pfandbriefbank is providing a €21 mln loan facility to CBRE's European Shopping Centre Fund for its acquisition of Galeria Mazovia shopping centre in the Polish city of Plock.

Pbb is acting as sole lender and hedge provider for this facility. The transaction closed in June 2014.

The Galeria Mazovia shopping centre comprises a net lettable area of 28,490 m2 and opened in 2010. Its main tenants are retail chains such as Media Markt, Piotr i Pawel, Zara and Reserved.

Charles Balch, head of real estate finance international, UK & CEE at pbb Deutsche Pfandbriefbank, said: 'pbb Deutsche Pfandbriefbank is pleased to be able to support our client CBRE Global Investors in this recent acquisition. We believe that the Polish real estate market offers good opportunities for strong regional centres for seasoned asset managers.'

CBRE European Shopping Centre Fund is managed by CBRE Global Investors.