German lender pbb Deutsche Pfandbriefbank has provided a €28 mln medium-term loan to HighBrook Investors for the acquisition of an office building in Rotterdam.
The seller is Amsterdam-based investment manager APF International.
The property, located in Boompjes 258, comprises 16,000 m2 of lettable space. It currently hosts the Dutch headquarters of Ernst & Young, that recently extended their lease on a long-term basis.
‘The Benelux and especially the Netherlands are promising markets for pbb. We are happy to further expand our exposure in Rotterdam and to deepen our relationship with HighBrook’, commented Norbert Müller, managing director of RE finance Continental Europe West at pbb Deutsche Pfandbriefbank.
The loan will partially finance the acquisition of the property.