Heitman European Property Partners IV (HEPP IV) secured €69m senior loan from pbb Deutsche Pfandbriefbank to acquire Marynarska Business Park in Warsaw. The deal was closed at the end of November.
“Heitman is a key client for us, particularly in CEE, and our relationship goes back more than 10 years. This is our second transaction with HEPP IV and we are looking forward to continuing the good cooperation with Heitman across Europe,” said Charles Balch, Head of Real Estate Finance International at pbb Deutsche Pfandbriefbank. “The financing also represents a continued expansion of our activities in CEE.”
The HEPP IV fund currently has a total of €505m in equity commitments, and it is scheduled to close next year.
Ghelamco delivered Marynarska Business Park in 2008, adding 45,000 sqm of space to Warsaw’s Mokotów district. The building includes tenants like the telecommunication companies Netia and P4 (Play).
