pbb Deutsche Pfandbriefbank (www.pfandbriefbank.com) is a leading specialist lender for financing commercial real estate and public investments in Europe and the United States of America. pbb is a major issuer of Pfandbriefe, which makes it also an important player in the European covered bond markets overall. pbb is listed on the Frankfurt Stock Exchange.
In real estate finance, the bank’s primary target of new business is professional real estate investors and developers. Core asset classes financed include office, retail, residential, logistics/warehouse properties and hotels. The regional focus is on Germany, the UK, France, the Nordic Countries, selected countries in Central and Eastern Europe and Spain. pbb is also active in selected regions in the US.
Among the markets in CEE the bank focuses in real estate financing on Poland, the Czech Republic, Hungary and Slovakia and selectively looks at Bucharest, Romania.
Name of company
pbb Deutsche Pfandbriefbank
Department head or senior representative in CEE, real estate
Dieter Knittel
Department head or senior representative profile
Dieter Knittel is Head of International Real Estate Finance for Central and Eastern Europe at pbb Deutsche Pfandbriefbank. Dieter is responsible for the bank’s lending portfolio in the region. The regional focus is on Poland, Czech Republic, Slovakia, Hungary and Romania. Dieter has been active in the CEE market for more than twenty years, including five years based in Warsaw as Head of Credit and Senior Risk Management.
Portfolio of credit transactions in CEE region (betweeen October 2018 and September 2019)
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Value of transactions in the real estate market in CEE region (between October 2018 and September 2019, in EUR)
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Value of credit and refinancing for shopping centres in CEE region (between October 2018 and September 2019, in EUR)
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Value of credit and refinancing for offices in CEE region (between October 2018 and September 2019, in EUR)
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Value of credit and refinancing for warehouses in CEE region (between October 2018 and September 2019, in EUR)
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Please say why you should be considered for the award
Since October 2018, pbb provided the following noteworthy transactions in CEE:
- €43 million to Revetas Capital Fund III for the acquisition of the newly built office complex The Landmark, in Bucharest, Romania.
- €27 mio to companies managed by GLL Real Estate Partners on behalf of a German institutional investor; for the refinancing of Griffin House and Liberty Corner, two prime office buildings in Warsaw.
- €75.4 mio to a Polish company managed by GLL Real Estate Partners GmbH on behalf of Korean institutional investors; for the acquisition of CEDET, in the heart of Warsaw.
- €59 mio for the acquisition of a logistics portfolio with assets in five Polish cities, to EPISO 4, an Investment Fund managed by Tristan Capital Partners, and its operating and equity partner, White Star Real Estate.
- €52 mio to an open-ended special alternative fund managed by Warburg-HIH Invest Real Estate for the acquisition of the newly built “White House” office building in Budapest.
- €90 mio to two real estate funds managed by Credit Suisse Asset Management for the acquisition of the prime office building “Astoria” in Warsaw.
