Pbb helps refinance Plaza Global’s first deal

Pbb Deutsche Pfandbriefbank has provided a £106 mln (EUR 130 mln) facility to Plaza Global Real Estate Partners.

The loan will allow Plaza to refinance part of the initial acquisition of the prime office building located at 23 Savile Row, Mayfair, London. The transaction closed in December 2012 and marked the first acquisition by Plaza Global since its inception in 2012.

23 Savile Row is a West End office property developed in 2009. The freehold building comprises nearly 9,600 m2 with floor ceiling glazed façades on three sides.