pbb Deutsche Pfandbriefbank has provided an investment loan facility and a VAT facility totalling €90 million to GreenOak Europe Core Plus Logistics, a fund managed by BentallGreenOak (BGO). The fund will utilise the proceeds for the acquisition financing of a logistics portfolio in Poland. pbb acted as arranger and sole lender under the facilities.
The portfolio consists of five assets along key logistic destinations across central and western Poland. All properties are newly built Class A warehouse assets of which three are located in Warsaw, one in Poznan and one in Radom. The well-diversified portfolio comprises a total of 191,000m² gross lettable area and is let to over 20 reputable tenants.
Charles Balch, Head of International Clients, UK, CEE & USA at pbb Deutsche Pfandbriefbank said: "We have a long-standing relationship with BGO and are very pleased to support them in their first logistics portfolio acquisition in Poland. Poland is an important market for pbb and we are looking forward to continuing working with BGO in the logistics sector in Poland and beyond.”
