Friday, 29 May 2015
pbb Deutsche Pfandbriefbank and Unicredit Bank Austria AG provide a €120 mln acquisition facility (EU)
pbb Deutsche Pfandbriefbank and UniCredit Bank Austria AG have jointly underwritten a €120 mln senior acquisition facility to finance a mixed-use real estate portfolio across four countries in Central Europe. The transaction closed on May 26th, 2015. pbb and UniCredit Bank Austria AG are acting as Joint Arrangers and Lenders, pbb also has the role as Facility Agent.
The portfolio consists of office buildings predominantly in Warsaw and Prague, as well as retail and industrial assets in Poland, the Czech Republic, Slovakia and Hungary, and was acquired by Lone Star Real Estate Fund III from a fund managed by Aviva Investors.
Lukasz Motyl, Head of Real Estate CEE at UniCredit Bank Austria AG, said: “Central Eastern Europe is our key market: we are the largest bank in the region in terms of total assets and we serve our clients in all the 13 geographies in which we have a local bank. We are very pleased to have been able to support Lone Star in this major investment in this region.”
Source: Bank Austria / pbb