German lender pbb Deutsche Pfandbriefbank has provided a refinancing facility of £25 mln million (almost EUR 32 mln) to subsidiaries of UK investor O&H Holdings.
German lender pbb Deutsche Pfandbriefbank has provided a refinancing facility of £25 mln million (almost EUR 32 mln) to subsidiaries of UK investor O&H Holdings.
The facility is secured on a portfolio of 4 mixed-use offices with retail or residential space located in the prestigious Mid-Town, Mayfair and Knightsbridge areas of London; and also with a row of high street retail units, with apartments over them, in Finchley, North London. The properties are fully let to a range of occupants and offer strong growth potential in the medium term, according to Deutsche Pfandbriefbank.
Charles Balch, head of real estate finance international at Deutsche Pfandbriefbank said: 'The transaction is our second deal with O&H Holdings and we look forward to building on this in the future.'
O&H Group is a family-run business with real estate holdings and development projects in central London and throughout the UK.
