pbb lends €150m for Düsseldorf tower

pbb Deutsche Pfandbriefbank has provided a €150m, three-year acquisition and development loan to die developer Projektentwicklung to build a 60m office tower in Düsseldorf, Germany. The loan will finance the purchase of the site in the business area of Kennedydamm and the construction of the 16-storey office building scheduled for completion at the end of 2017.