German lender pbb Deutsche Pfandbriefbank has provided two new credit facilities in Germany and the UK for a total of €130 mln.
German lender pbb Deutsche Pfandbriefbank has provided two new credit facilities in Germany and the UK for a total of €130 mln.
In Germany, Pbb has granted a €48 mln loan to the Fiege Group, a European contract logistics service provider, to refinance the Logistics-Mega-Center in Hamburg Moorfleet. The transaction closed at the end of March 2014.
The Fliege Group’s Hamburg logistics centre, which was completed in 2006, offers 70,000 m2 of space or up to 60,000 pallets. From the Mega-Center, Fliege currently serves customers in different sectors including industrial goods and consumer goods.
In the UK, pbb Deutsche Pfandbriefbank has underwritten a £68.5 mln (€83 mln) senior finance facility to support the acquisition of two prime retail warehouse assets in Birmingham by units of KKR.
The transaction closed in February 2014. pbb acted as arranger, agent and security agent.