Pbb and UniCredit grant €215 million for PPP portfolio in Central Europe

Pbb Deutsche Pfandbriefbank and UniCredit Austria have jointly underwritten a €215 million loan to refinance Point Park Properties existing portfolio in the Czech Republic, Poland and Slovakia. The transaction was closed in June 2014. The portfolio features five class A logistics parks, located in Prague, Bratislava, in Mszczonów near Warsaw and Poznań. The total warehouse space exceeds 550,000 sqm and is almost fully leased to more than 50 international tenants. The portfolio also comprises a substantial land bank in these locations for further development of additional warehouse and distribution space.