pbb provides financing to O&H Holdings for mixed-use offices in London (UK)
Thursday 2 August 2012
pbb Deutsche Pfandbriefbank has provided a £25 million (approx. € 31.67 million) refinancing facility to subsidiaries of O&H Holdings Ltd.
The facility is secured on a portfolio of four mixed-use offices with retail or residential space located in the prestigious Mid-Town, Mayfair and Knightsbridge areas of London; and also with a row of high street retail units, with apartments over them, in Finchley, North London. The properties are fully let to a diverse range of occupants and offer strong growth potential in the medium term.
Charles Balch, Head of Real Estate Finance International at pbb Deutsche Pfandbriefbank said: "We are delighted to be providing finance to the O&H Group. The transaction is our second deal with O&H Holdings and we look forward to building on this in the future."
David Gabbay, Director of the O&H Group, commented: "This deal further strengthens the established relationship between O&H and pbb Deutsche Pfandbriefbank and we look forward to more opportunities to work together."