German lender pbb Deutsche Pfandbriefbank has arranged and underwritten a €131 mln mortgage-backed facility to fully refinance Tour W, an office tower located at La Défense in Paris.
German lender pbb Deutsche Pfandbriefbank has arranged and underwritten a €131 mln mortgage-backed facility to fully refinance Tour W, an office tower located at La Défense in Paris.
The property is managed by AEW Europe and owned by a group of French investors. Pbb acted as lead arranger in the transaction.
Tour W encompasses 32 floors above ground with a total floor area of 38,000 m2 as well as 139 parking spaces. The tower is currently partially let and undergoing a large renovation programme to be completed in June 2015.