German lender pbb Deutsche Pfandbriefbank has provided a EUR 69 mln senior facility to Heitman European Property Partners IV (HEPP IV) for the acquisition of Marynarska Business Park in Warsaw. The transaction closed on 29 November 2012.
German lender pbb Deutsche Pfandbriefbank has provided a EUR 69 mln senior facility to Heitman European Property Partners IV (HEPP IV) for the acquisition of Marynarska Business Park in Warsaw. The transaction closed on 29 November 2012.
Pbb is acting as arranger, sole lender and hedge provider of this transaction.
HEPP IV has EUR 505 mln in equity commitments and is entering its final year of deploying capital in value-added property assets across Central and Eastern Europe.
Marynarska Business Park is a grade A office complex with over 45,000 m2 in Mokotów, Warsaw's largest office market outside of the city centre. It was completed by Belgian developer Ghelamco in 2008 and major tenants include telecommunication companies Netia and P4 (Play).
