06. August 2012 
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pbb finances acquisition of a prime logistics portfolio for Hines Global REIT
pbb Deutsche Pfandbriefbank has provided a € 65.45 million senior facility to Hines Global REIT for the acquisition of a prime logistics portfolio in Poland [we reported]. The transaction closed on 24 July 2012. pbb is acting as arranger, sole lender and hedge provider of this financing transaction.
The prime portfolio comprises five logistics facilities in Poland consisting of properties located in distribution parks in Warsaw, Wroclaw, Bedzin and Sosnowiec. The total lettable area is approx. 200,000 m². Average occupancy across the properties is above 90 percent. Hines Poland will serve as Asset Manager and Property Manager on behalf of the owner, Hines Global REIT. The properties were acquired from Prologis.
The prime portfolio comprises five logistics facilities in Poland consisting of properties located in distribution parks in Warsaw, Wroclaw, Bedzin and Sosnowiec. The total lettable area is approx. 200,000 m². Average occupancy across the properties is above 90 percent. Hines Poland will serve as Asset Manager and Property Manager on behalf of the owner, Hines Global REIT. The properties were acquired from Prologis.
