pbb Deutsche Pfandbriefbank has provided a €112 mln (£81 mln) facility to a subsidiary of Harbert European Real Estate Fund IV, LP which is advised by Harbert European Fund Advisors Limited. It closed in August 2015.
The facility finances the acquisition of a regional shopping centre located in the city of Inverness, Scotland. The centre was developed in two phases with a major extension opening in 2002. The site is immediately adjacent to Inverness railway station and current occupancy is at almost 100%.
Source: pbb Deutsche Pfandbriefbank
