Deutsche Pfandbriefbank AG has provided an investment facility of EUR 78 million to AB Tewox for the refinancing of six retail parks and the acquisition of two newly built retail parks in several locations across Poland.
The portfolio includes eight assets located in Wroclaw, Glowno, Kalisz, Swidnica, Pulawy, Przemysl, and two properties under acquisition in Poland.
According to the Deutsche Pfandbriefbank, the properties are predominantly newly built retail parks situated in established retail locations with access to main roads and proximity to residential areas, with a total gross leasable area of 64,000 square meters.
AB Tewox is a real estate investment company managed by Lords LB Asset Management.
Lords LB Asset Management is a licensed fund management company supervised by the Bank of Lithuania.
“We are very pleased to support Lords LB Asset Management in the refinancing of a part of their retail park portfolio in Poland,” commented Deutsche Pfandbriefbank Head of CEE Dieter Knittel. “We look forward to continuing our successful collaboration.”
“The successful completion of the refinancing transaction, and having Deutsche Pfandbriefbank as our financing partner, positions the company well for its next phase of growth and upcoming acquisitions,” stated Tewox Lords LB Asset Management Manager Paulius Nevinskas. “Kudos to the Deutsche Pfandbriefbank team for skillfully navigating the complexities of the process.”