Pbb Deutsche Pfandbriefbank and Helaba provided a term loan facility of EUR 67.2 million to CBRE European Shopping Centre Fund II (ESCF II) managed by CBRE Global Investors. The loan was provided to finance the acquisition of the Skanssi shopping centre in the Finnish town of Turku. The transaction closed in July 2017 and Pbb also acted as the facility agent.
The Skanssi shopping centre is the first investment in Finland for ESCF II. Turku, which is also known under its Swedish name Åbo, is a regional capital and important business and cultural center on the southwest coast of Finland at the mouth of the Aura River.
Skanssi shopping center has a LEED certificate and is located in the sustainable city district Skanssi. The shopping center currently comprises of ca 37,000 m² lettable area and houses ca 90 stores including a large K-Citymarket, H&M, Stadium and Clas Ohlson.
The SJL Jimenez Lunz team was led by Michel Jimenez Lunz, managing partner.