pbb Deutsche Pfandbriefbank has agreed a €76 mln medium-term refinancing facility for SEDCO Capital (DE)
pbb Deutsche Pfandbriefbank has agreed a €76 mln medium-term refinancing facility for SEDCO Capital, advised by LaSalle Investment Management, the global real estate investment manager, for a mixed use portfolio located predominately in Berlin. pbb is acting as sole lender and hedge provider for the facility.
SEDCO Capital is a leading asset management firm with an investment reach and range of products/services which span the global markets. All of the investments are in line with the sharia guidelines and now also adhere to Prudent Ethical investment, after becoming a signatory of the United Nations Principles of Responsible Investing (UNPRI). SEDCO Capital offers a wide range of asset management and advisory services, encompassing public and private equity, commodities, income funds and real estate investments and asset allocation.
The mixed-use portfolio consists of eight German assets with a total lettable area of 65,770 m². Four of the largest assets, in terms of value, are located in Berlin and represent 75% of the portfolio’s value.