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Europa refinanced

05 October 2017

SLOVAKIA Deutsche Pfandbriefbank has granted a EUR 22 mln medium-term credit facility to CBRE Property Fund Central and Eastern Europe to refinance the Europa Shopping Center in Banská Bystrica.

Pbb acted as arranger and sole lender. Europa, which was completed in 2006 and extended in 2016, is the largest shopping centre in the Banská Bystrica region. The mall has a gla of 33,000 sqm on four floors. Charles Balch, the head of international clients for the UK & CEE at pbb Deutsche Pfandbriefbank said: "We are very pleased to support CBRE Property Fund in this Slovak retail refinancing, and we are looking forward to other transactions with them in CEE.” Duco Mook, the head of treasury and debt financing for the EMEA at CBRE Global Investors said: “Following the fund restructuring earlier this year, this is another important milestone to have both financing deals successfully closed.”

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