pbb provides €33 million to Deutsche Industrie Holding for refinancing of two department stores (DE)

pbb Deutsche Pfandbriefbank has provided Deutsche Industrie-Holding GmbH with €33 million for the refinancing of loans secured against two fashion and textiles stores in the CentrO in Oberhausen and in Mönchengladbach.

Gerhard Meitinger, Head of Origination Germany at pbb Deutsche Pfandbriefbank, commmented: "This transaction constitutes a success for pbb Deutsche Pfandbriefbank in two ways. The refinanced assets in Oberhausen and Mönchengladbach are top A1 High Street premises. In addition we have won a new client Deutsche Industrie-Holding AG."

Source: Pbb

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