pbb Deutsche Pfandbriefbank has refinanced WP Carey's acquisition of a distribution centre in the Polish city of Poznan.
pbb Deutsche Pfandbriefbank has refinanced WP Carey's acquisition of a distribution centre in the Polish city of Poznan.
The German lender is providing the €32.5 mln medium-term refinancing facility to CPA 17 - Global, one of WP Carey's publicly held non-traded REIT affiliates. The refinancing transaction closed in November 2013.
In July the REIT acquired the property which serves as the distribution centre for retailer H&M's in Eastern Europe, as well as one of its e-commerce and online-retail logistics hub for Europe.
