pbb and CaixaBank refinance an office portfolio in Madrid

Madrid office amrket

German lender pbb Deutsche Pfandbriefbank and Caixabank provided a credit facility of €170 million to Tristan Capital Partners’ EPISO Inestment Fund for the refinancing of the acquisition of a Madrid office portfolio from Colonial.

The portfolio consists of six office assets located in well located and established office sub-markets of Madrid, providing 77,000 sqm of Grade A office accommodation, and let to over 80%.

Norbert Müller, Head of RE Finance Continental Europe West at pbb Deutsche Pfandbriefbank said: “We are very pleased to support Tristan Capital Partners, a strategic client for pbb for many years in major markets across Europe, in a further transaction. This deal also underlines our continued strong interest in the Madrid office market.”

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