Pbb Deutsche Pfandbriefbank provides € 38.5 million refinancing facility to the Pradera Central & Eastern Fund. The facility is used for the refinancing of an existing debt on the “Pasaz Lodzki” shopping centre in Poland.
The transaction was closed on 9 December 2011. This is the third financing by pbb for Pradera managed funds in Poland, and the second to Pradera’s Central & Eastern Fund, Pradera’s specialized CEE fund.
Dr. Jörn Brockhuis and dr Katarzyna Domańska-Mołdawa, partners in BSJP advised pbb Deutsche Pfandbriefbank in this transaction and in two previous transactions relating to credit financing for Pradera funds in Poland.
BSJP Brockhuis Jurczak Prusak Sp.k. specialises in the financing of real estate transactions.