Real Estate Finance | Jul 4, 2018
Financing Polish office portfolio
Helaba, acting as facility and security agent, and pbb Deutsche Pfandbriefbank have jointly underwritten an investment facility to finance four office properties in Poland. Together, the two banks are providing Globalworth Poland Real Estate (GPRE) with a loan in an amount of EUR 100 million with a duration of seven years. The transaction closed in June 2018. Helaba and pbb are acting as Joint Lead Arrangers providing equal portions of the fundings.
GPRE will use the loan to finance a portfolio of four properties in Wrocław (West Gate and West Link), Gdańsk (Tryton Business House) and Kraków (CB Lubicz).
Polish office portfolio
|Customer:||Globalworth Poland Real Estate (GPRE)|
|Type of finance:||Long-term finance|
|Volume of finance:||EUR 100m (50m from Helaba)|
|Role of Helaba:||Facility and security agent|
|Unit/department:||Real Estate Finance Continental Europe|