14:26 9 September 2019
Pbb finances Astoria office building acquisition in Warsaw
Lender pbb Deutsche Pfandbriefbank has provided a €90-million medium-term credit and VAT facility to two property funds managed by Credit Suisse Asset Management Global Real Estate. The loan will support the funds’ acquisition of the Astoria office building in downtown Warsaw from developer Strabag, which was announced earlier this year. Astoria comprises over 19,000 sqm of GLA and is currently fully leased out. “The deal underlines our continued strong interest in the CEE real estate markets, in particular in the office markets in key cities,” commented Charles Balch, head of international clients, UK, CEE & US, at pbb Deutsche Pfandbriefbank.
(Warsaw Business Journal)
