Pbb refinances Warsaw office buildings

Lender pbb Deutsche Pfandbriefbank has provided a €27-million loan to companies managed (on behalf of a German institutional investor) by GLL Real Estate Partners, which will be used to refinance the Griffin House and Liberty Corner office buildings in Warsaw. Both properties are located in the center of the Polish capital and offer nearly 4,000 sqm and over 5,800 sqm of leasable space respectively. “The deal underlines our continued strong interest in CEE, and in particular the Warsaw office market, which has grown very substantially in recent years and is a cornerstone for investment in CEE real estate,” commented Charles Balch, head of international clients, UK, CEE and USA at pbb Deutsche Pfandbriefbank.

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