Immofinanz Secures €210 Credit Facility

Real estate company Immofinanz has obtained €210 million in a refinancing and development facility.

Real estate company Immofinanz has obtained €210 million in a refinancing and development facility, PropertyEU reports. The funding has been secured for its Silesia City Center mall in Katowice, Poland.

German banks Helaba and pbb Deutsche Pfandbriefbank were joint mandated lead arrangers, with Helaba acting as agent. Silesia City Center, comprising 250 retail outlets, was bought by Immofinanz in 2005 and refinanced by Helaba in 2008.

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