pbb provides €75 million loan for CEDET office building

pbb Deutsche Pfandbriefbank has provided a €75 million investment loan facility to a Polish company managed by Macquarie Asset Management on behalf of institutional investors. The loan will be used for the refinancing of the CEDET office building in Warsaw. pbb acted as arranger and sole lender under the facility.

Located in the Central Business District of Warsaw, CEDET is a unique project of restoration and expansion. It was originally built in 1952 and was formerly known as “Central Department Store”. The CEDET building has been fully refurbished to a “BREEAM Excellent” standard and combines retail functions and high-class office space, with a total leasable area of over 23,800 sqm and is fully let.