PropertyEU

Pbb provides financing for Heitman in Budapest

By A staff reporter 2012-01-06T00:00:00

German property lender pbb Deutsche Pfandbriefbank has provided the Heitman European Property Partners IV fund (HEPP IV) with a EUR 60 mln facility for the acquisition of two office properties in Budapest. The acquisition was one of four transactions carried out by US-based investor Heitman in Europe during December 2011.

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