As Joint Arrangers, pbb Deutsche Pfandbriefbank and Landesbank Baden-Württemberg (LBBW) have arranged funding of 155 million for GLL MesseTurm KG a Fund which is managed by GLL Real Estate Partners GmbH. The loan serves to refinance the MesseTurm in Frankfurt.
The transaction was closed in December 2011. pbb will also act as Facility and Security Agent for the term of the credit.
The MesseTurm is one of Frankfurt's most exceptional buildings. It was designed by the world-renowned Chicago architects bureau Murphy Jahn, and was completed in 1990 with a height of 265 meters.
The high-rise building has 52 floors of rental office space, a total area of 62,135 m² and 925 underground parking spaces. The majority of the property's tenants are prestigious companies, including the Bank of New York Mellon and the press agency Thomson Reuters.
Source: pbb Deutsche Pfandbriefbank