pbb Deutsche Pfandbriefbank provided an investment facility of €22 million to CBRE Property Fund Central and Eastern Europe, an investment fund focusing on retail assets in Poland and Slovakia, managed by CBRE Global Investors. This is the second transaction after the refinancing of Wars Sawa Junior retail scheme one month ago. CBRE PFCEE will use the proceeds for the refinancing of the dominant Europa Shopping Center in Banská Bystrica. pbb acted as arranger and sole lender under the facility.
Europa SC is the largest shopping centre in the Banská Bystrica region, completed in 2006 and extended in 2016. It is prominently located on the edge of the commercial pedestrian zone in the city centre of Banská Bystrica. The asset offers a gross lettable area of over 33,000 sqm in retail space spread over four floors. It is currently fully let to a mix of international and national tenants.
