pbb Deutsche Pfandbriefbank has renewed a 27.5 million investment facility to Apollo Rida for its Zeran Park II warehouse and distribution park, and has also provided an investment top-up facility of 6 million. The deal was signed on July 27, 2010.
Zeran Park II is the largest office, warehousing and light industrial hub of its kind in Warsaw, and has attracted prime international and domestic tenants. Zeran Park II comprises seven buildings of a total area of 49,000 m², designed to the latest standards in warehousing and logistics technology.
Harin Thaker of pbb Deutsche Pfandbriefbank commented: "We are pleased to continue our strong lending relationship with Apollo Rida in Poland, an important international market for pbb. Apollo Rida has been a key client for many years, and the underlying asset has continuously demonstrated strong and stable cash flow."
Source: Deutsche Pfandbriefbank AG