pbb Deutsche Pfandbriefbank (pbb) has underwritten an investment facility for a retail portfolio in Poland for Pine Bridge Benson Elliot. The portfolio consists of three shopping centres in Łódź, Toruń and Kraków in Poland.
All properties are fully let and are located in very good and established retail locations with direct access to main roads and close to residential areas. The portfolio comprises a total of 82,000 sqm of gross lettable area and has a well-diversified and strong tenant mix.
Dieter Knittel, Head of CEE at pbb Deutsche Pfandbriefbank, said: "We have a long-standing and successful relationship with PineBridge Benson Elliot, one of our key clients. We are very proud to support them again in the CEE market with this portfolio financing. Poland is an important market for pbb and we look forward to further transactions with PineBridge Benson Elliot across Europe."
