Pbb grants CBRE €21 million loan

Pbb Deutsche Pfandbriefbank has granted a €21 million medium-term loan for the CBRE European Shopping Centre Fund for the acquisition of the Galeria Mazovia shopping mall in Płock. Pbb is the sole lender and hedge provider for the loan. The fund, managed by CBRE Global Investors bought the 28,485-sqm shopping center in mid June 2014. The mall’s tenants include electronics store Media Markt, supermarket Piotr i Paweł and several fashion brands, such as Zara and Reserved.