Daventry Industrial Property Secures GBP 40M Refinancing

COVENTRY, UK-pbb Deutsche Pfandbriefbank has arranged a senior facility worth GBP 40 million to refinance Prologis European Properties Fund II's key industrial property situated in Daventry.

By GlobeSt News Hub | July 10, 2012 at 01:01 AM

COVENTRY, UK-pbb Deutsche Pfandbriefbank has arranged a senior facility worth GBP 40 million to refinance Prologis European Properties Fund II's key industrial property situated in Daventry. pbb was also the hedge provider and sole lender of the financing deal completed on June 15, 2012. The new distribution center spanning 818,057 square feet is leased to Tesco Stores Limited for 25 years.

pbb is happy to arrange financing for this industrial property of Prologis, said pbb's Head of Real Estate Finance International, Charles Balch. For the full story, go to PropertyMall .

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