Pbb Deutsche Pfandbriefbank has provided a €30 mln loan with a term of 10 years to WealthCap to refinance a commercial portfolio in Germany.
Pbb Deutsche Pfandbriefbank has provided a €30 mln loan with a term of 10 years to WealthCap to refinance a commercial portfolio in Germany.
The portfolio consists of commercial properties sold and rented back under a long-term lease by Munich-based wholesale agricultural trader BayWa.
The package includes trading operations for agricultural products, as well as DIY and gardening stores. The properties are mainly located in Bavaria, as well as in Baden Wuerttemberg, North Rhine-Westphalia and Saxony.
