Deutsche Pfandbriefbank (pbb) has underwritten an investment facility, totalling €120 million to refinance a logistics portfolio located across Poland for EQT Exeter. This is the second deal that pbb has closed with the EQT Exeter team.
The portfolio comprises 4 properties providing approximately 200,000 sqm of logistics and warehouse space in established logistics locations. The portfolio is let to a mix of good quality tenants including BBK, Fresh Logistics, The Hut Group and Fedex.
Charles Balch, Head of Real Estate Finance International Clients, UK, CEE & USA at pbb Deutsche Pfandbriefbank said: "We are delighted to continue supporting EQT Exeter in their acquisitions across Europe, including this Polish portfolio. The deal underlines our continued strong interest in the key European logistics and warehouse markets, including Poland.”
Nicholas Boccella Director, Debt Placement at EQT Exeter said: “EQT Exeter are delighted to continue building our relationship with PBB and are grateful for their continued support. Poland is an important market for us and we are thankful to PBB for further helping us create value for our investors by delivering sustainable and future-proofed assets, while capitalizing on key demographic and urbanization trends.”
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