pbb provides €322m loan to GCP for logistics properties
Deutsche Pfandbriefbank AG (pbb) has provided €322 mln in financing to GLP Capital Partners (GCP) for two logistics portfolios in the Czech Republic, Poland, and Hungary.
GCP logistics
The portfolio consists of 13 Class A warehouse assets in prime logistics locations. The properties total over 678,000 m2 of gross lettable areas and benefit from a diverse tenant base and excellent transport links.
The funds will be used to refinance existing debt and support the development of new logistics assets in Poland.
GCP is now part of Ares Management.
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