German lender pbb Deutsch Pfandbriefbank has provided a 鈧�34 mln loan to Vienna-listed Immofinanz to refinance an office building in Warsaw.
The medium-term credit facility will be used for the refinancing of the Nimbus office property, the first development project undertaken directly by Immofinanz in Poland, with a GLA of 19,000 m2.
'The deal underlines our continued strong interest in the CEE real estate markets, and Poland in particular,' commented Charles Balch, Head of International Clients, UK & CEE at pbb Deutsche Pfandbriefbank.
Located on the Jerozolimskie office corridor in Warsaw鈥檚 Ochota district, Nimbus is currently fully let to a mix of professional services, financial services and IT occupiers including Euler Hermes, Marsh McLennan Companies (MMC), Nexity and Intelligent Technologies SA (ITSA).
The LEED-accredited scheme was completed in 2014.
