Value Retail has secured a EUR 120 mln refinancing for its La Roca Village outlet centre in Barcelona, Spain.
Value Retail has secured a EUR 120 mln refinancing for its La Roca Village outlet centre in Barcelona, Spain.
The retail outlet specialist was granted a EUR 80 mln senior loan from German lender pbb Deutsche Pfandbriefbank and an additional EUR 40 mln junior facility from Pramerica.
La Roca Village has been operative for more than 14 years, consistently achieving a double-digit yield increase nearly every year since its opening in mid-1998. Value Retail is the developer and operator of the property.
'This deal shows the commitment of pbb with the Spanish market, where we will continue to selectively finance quality assets managed by first line sponsors,' said Bernhard Scholz, management board member of pbb Deutsche Pfandbriefbank.
