LONDON-Pramerica Real Estate Investors, the European arm of Prudential Financial, Inc., has secured GBP 24 million to refinance its recently purchased mixed-use property, 55 Old Broad Street in the City of London. The company secured the five-year loan from pbb Deutsche Pfandbriefbank.
The 100,000-square-foot office and retail property is situated in the Liverpool Street area. In July, Pramerica bought the building out of receivership for GBP 54.15 million on behalf of its client funds. For the full story, go to Europe Real Estate .
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