Deutsche Pfandbrief in €181m refinancing for Bainbridge

Deutsche Pfandbriefbank announced that it’s made a €181m facility to Bainbridge Capital Retail Properties in order to refinance 13 CEE retail properties anchored by Carrefour or Tesco. BCRP is a fund managed by AeriumGroup. Five of the assets, are located in the Czech Republic, four in Poland and another four in Slovakia. In all, the portfolio consists of 247,000 sqm. Aerium bought the properties from Carrefour in a sale-and-lease-back deal in 2004. Salans provided legal services to Deutsche Pfandbriefbank for the deal.


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