pbb Deutsche Pfandbriefbank has provided an investment facility of €74m to companies owned by Newbridge for the acquisition of three shopping malls in Poland, namely Bielawy in Torun, Guliwer in Łodz and Czyzyny in Krakow.
The 72,000 m² portfolio is nearly fully leased, with Carrefour Polska as the anchor tenant on long leases for all three centres. Other tenants include Leroy?Merlin, Rossmann, CCC, Deichmann, RTV Euro AGD, Jysk, Pepco, Douglas and LPP.
Charles Balch, Head of International Clients, UK & CEE at pbb commented: "The retail segment is undergoing a number of changes, as we all know. So we are pleased to work with clients like Rory Mepham and the Somerston group, the founders of Newbridge, both of whom have extensive experience in this market.”
