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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).


 

Overview 
Investment:

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
Closing/funding:June 2018