2011-10-19

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France | Property Financing

pbb Deutsche Pfandbriefbank financed a loan facility of € 143 million to institutional investors sponsored by J.P. Morgan Asset Management

France: pbb Deutsche Pfandbriefbank has financed a loan facility of € 143 million to institutional investors advised by J.P. Morgan Asset Management for the refinancing of existing loans and for the financing of planned retail conversion works in Docks de Marseille, a 70,000 square meter historical office and retail trophy asset located in the heart of Euromediterranée, the now well established business district on the sea front of Marseille in France. The transaction closed on September 30th 2011.

Oliver Gruss for Deutsche Pfandbriefbank AG - 2011-10-19

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