Catalyst Capital European Property Fund II (CEPFII) secured approximately €120m in financing from pbb Deutsche Pfandbriefbank. The funds will be used for the acquisition of a real estate portfolio of 10 properties totaling 93,000 sqm across western Germany. The sellers are Triuva and a large German public sector pension scheme.
“Catalyst Capital is a long-standing client of pbb and an experienced asset manager for real estate portfolios. We have already cooperated with them successfully on various deals across Europe, and it was a pleasure to once again work together on this transaction,” said Charles Balch, head of real estate finance for international clients in the UK and CEE at pbb Deutsche Pfandbriefbank.
