German lender Pbb Deutsche Pfandbriefbank has provided a facility of €68 mln to shopping centre specialist ECE to refinance the Arkad Szeged shopping centre in Szeged, Southern Hungary.

euro houses in hands rs

Euro Houses in Hands Rs

Pbb acted as arranger and sole lender under the facility.

Arkad Szeged was built in 2011, offers a gross lettable area of over 42,000 m2 and is fully let.

'We are very pleased to support ECE again in CEE on this landmark building in Hungary. The deal underlines our continued strong interest in the CEE real estate markets,' said Charles Balch, head of international clients for the UK, CEE and US at pbb Deutsche Pfandbriefbank.