German lender pbb Deutsche Pfandbriefbank has provided €100 mln in loans to various property companies of TAG Immobilien to refinance a real estate portfolio of 72 assets across Germany.
The portfolio comprises over 3,200 flats, 76 commercial units and 523 parking spaces in the German Federal states of Bremen, Lower Saxony, Saxony, Saxony-Anhalt, Schleswig-Holstein and Thuringia.
The package offers some 209,000 m2 of rentable space, the bulk - or 200,000 m2 - of which for residential use and the remaining 9,000 m2 for commercial purposes.
'Pbb Deutsche Pfandbriefbank is a seasoned provider with extensive expertise in complex portfolio financings,' said Gerhard Meitinger, head of Real Estate Finance Germany at pbb Deutsche Pfandbriefbank.
