pbb provides €78m loan for Polish retail portfolio

Deutsche Pfandbriefbank (pbb) has provided an €78 mln investment loan to AB Tewox (managed by Lords LB Asset Management). 

Dieter Knittel

This funding will be used to refinance six existing retail parks and acquire two new ones across various locations in Poland. pbb served as the sole arranger and lender for this deal.
The portfolio includes a total of eight retail parks, primarily new constructions, situated in prime, easily accessible retail areas near residential zones in Polish cities like Wroclaw, Glowno, Kalisz, Swidnica, Pulawy, and Przemysl.
These properties collectively offer a gross leasable area of 64,000 m2.
Dieter Knittel, head of CEE at Deutsche Pfandbriefbank (pbb), said: "We are very pleased to support Lords LB Asset Management in the refinancing of a part of their Retail Park portfolio in Poland, and we look forward to continuing our successful collaboration.”
Paulius Nevinskas, manager at Tewox (Lords LB Asset Management), stated: “The successful completion of the refinancing transaction, and having Deutsche Pfandbriefbank (pbb) as our financing partner, positions the company well for its next phase of growth and upcoming acquisitions. Kudos to the pbb team for skillfully navigating the complexities of the process”.
AB Tewox is a real estate investment firm, managed by Lords LB Asset Management, that focuses on retail properties in the Baltic Sea Region. It currently manages approximately €170 mln in assets, encompassing 82,000 m2 of leasable space.
Lords LB Asset Management, regulated by the Bank of Lithuania, is a fund management company that has been serving both institutional and private investors. As of December 2024, the total assets under management for its collective investment undertakings reached €1.33 bn.