German lender pbb Deutsche Pfandbriefbank has provided an investment facility of €41.4 mln to companies owned by a private real estate investor and managed by development and investment company Amesbury.
The funds will be used to refinance the Zlicin and Chrastany business parks near Prague.
Each business parks offers, in detached buildings, a gross lettable area of around 35,000 m2, of which 25,000 m2 is warehouses and 10,000 m2 is office space.
Both parks were originally developed by Amesbury; Zlicin Business Centre between 1997 and 2004, Business Park Chrastany between 2007 and 2017.
Charles Balch, head of International Clients, UK & CEE at pbb Deutsche Pfand-briefbank said: 'This transaction underlines our strong interest in the Prague warehouse and office markets. It is also a fine example of our strategy to work with experienced private investors across Europe.'
