Immofinanz granted PLN 150 mln loan by German bank

German bank Deutsche Pfandbriefbank provided real estate developer Immofinanz with a €34 million (PLN 147 million) loan, the company informed in a market filing. These funds will be directed to refinance the Nimbus office scheme, completed in 2014. Nimbus Office offers over 19,000 sqm of class-A office and retail space located in Warsaw’s Ochota district. The building is currently fully leased to tenants including Euler Hermes, Marsh McLennan Companies, Nexity and Intelligent Technologies. Immofinanz Group is a real estate company listed on the leading ATX index of the Vienna Stock Exchange as well as on the Warsaw Stock Exchange.