A high concentration of business in the competitive German market during Q1 2017 resulted in a drop in average gross margins across pbb Deutsche Pfandbriefbank’s lending, from around 170 basis points to around 160 bps.
pbb Deutsche Pfandbriefbank
Helaba and pbb Deutsche Pfandbriefbank have provided a €177 million loan to developer and investor CTP for the refinancing of CTPark Bor, one of the Czech Republic's largest logistic parks.
Pbb Deutsche Pfandbriefbank has issued a US dollar-denominated mortgage Pfandbrief, with a total volume placed of $600 million.
Several of Germany’s largest specialist real estate banks either met lending targets during 2016 or surpassed the previous year’s origination totals.
Pbb Deutsche Pfandbriefbank originated €10.5 billion of new business during 2016, its second highest annual volume since it resumed lending in 2009.
Pbb Deutsche Pfandbriefbank and Helaba have written a €225 million loan to refinance debt secured by a 13-strong mixed-use portfolio in the Netherlands.
Pbb Deutsche Pfandbriefbank has financed a portfolio of recently-constructed and to-be constructed logistics facilities across the UK with a £147 million (€174 million) loan.
Pbb Deutsche Pfandbriefbank has provided a €50 million loan to a vehicle managed by private investment company Ardian.
Pbb Deutsche Pfandbriefbank has provided a €64 million loan to a vehicle managed by AEW Europe to finance a portfolio of business parks located around Paris.
Pbb Deutsche Pfandbriefbank has written a €28 million loan for a hotel development in Hamburg.