PropertyEU

Pbb provides EUR 38m for UK office deal

By A staff reporter 2011-11-10T00:00:00

German bank pbb Deutsche Pfandbriefbank has provided a £33 mln (EUR 38 mln) loan to Area Property Partners, F&C REIT Asset Management and ESAS Holding to fund the acquisition of nine office properties across the UK. The transaction closed on 1 November 2011.

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