German bank pbb Deutsche Pfandbriefbank has provided 鈧�58 mln acquisition financing to a fund asset managed by Primorial REIM.
German bank pbb Deutsche Pfandbriefbank has provided 鈧�58 mln acquisition financing to a fund asset managed by Primorial REIM.
The facility covers the acquisition of a 32,600 m2 office building in Nanterre, close to Paris La D茅fense. The property, which includes 650 parking places, is fully let to eight prime tenants, including Manpower France, Sodexo Pass France and Total.
Norbert M眉ller, head of real estate finance Continental Europe West at pbb Deutsche Pfandbriefbank, commented: 鈥淔rance continues to be an attractive market for pbb. This transaction is the fifth with our client Primonial REIM and we look forward to expanding our business relationship with this professional partner.'
