Deutsche Pfandbriefbank AG (pbb) acted as the arranger and sole lender of a debt package totalling €322 million in respect of two portfolios owned by a fund managed by GLP Capital Partners (GCP), now part of Ares Management. The package is geared towards refinancing existing debt facilities, as well as the development of logistics assets in Poland.
The portfolios consist of thirteen assets along key logistics destinations in the Czech Republic, Poland and Hungary. All properties are newly built Class A warehouse assets in established industrial locations with direct access to expressways and motorways. The portfolios comprise a total of over 678,000 sqm gross lettable area and have a well-diversified tenant mix.
