Pbb Deutsche Pfandbriefbank has provided a €37 million loan to the Swiss Lakeward Group, to fund a residential portfolio in Berlin.
pbb Deutsche Pfandbriefbank
Pbb Deutsche Pfandbriefbank has provided a SKr1.4 billion (€150 million) loan to Heimstaden Bostad to finance a portfolio of residential properties in Stockholm.
A raft of lending organisations are keen to provide finance to Europe's real estate investors. In the first of three installments, we examine the UK and German banks which made the list of Europe's top lenders.
German banks pbb Deutsche Pfandbriefbank and Helaba have provided a €67.2 million loan to CBRE Global Investors’ European Shopping Centre Fund II.
Belgian developer Ghelamco has sourced a €370 million senior loan from a trio of German banks to refinance the Warsaw Spire office complex, located in the Polish capital.
German Pfandbrief bank Helaba has seen a 14 percent year-on-year decline in its new medium and long-term real estate lending business, which stood at €4.2 billion in H1 2017.
Pbb Deutsche Pfandbriefbank has provided a €63 million loan to CBRE Global Investors to refinance the Wars Sawa Junior retail centre in Warsaw.
pbb Deutsche Pfandbriefbank has provided a capex loan of 287 million kronor (€30 million) to Standard Life Investments’ European Real Estate Club III fund.
Average gross margins across pbb Deutsche Pfandbriefbank’s new real estate lending increased to around 170 basis points during the second quarter of 2017, up from 160bps the previous quarter.
Germany’s pbb Deutsche Pfandbriefbank has provided a €66 million loan to Reico and a €51 million debt facility to BlackRock.