Deutsche Pfandbriefbank AG (pbb) has provided an investment loan facility of €78 million to BGO, acting as arranger and sole lender under the facility. The loan refinances a portfolio of five logistics assets across central and western Poland.
The portfolio comprises three properties in Warsaw, one in Poznań and one in Radom, with a total gross lettable area of 191,000 sqm. The assets are Class A warehouse properties let to multiple internationally operating tenants.
pbb is a European specialist lender for commercial real estate finance, listed on the Frankfurt Stock Exchange and a significant issuer of Pfandbriefe in the European covered bond markets.