Pbb lends €58m for new city quarter

pbb Deutsche Pfandbriefbank has provided IFM Immobilien with a €58m mid-term development loan to start building a new city quarter in Wiesbaden, near Frankfurt. The latest deal is pbb Deutsche Pfandbriefbank’s ninth in the past month alone with the total provided nearing €1.5bn. The German bank, which is for sale, reported an 8% rise in lending during Q1 2015.

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