Banks

ING Real Estate Finance (REF) has appointed Julián Bravo as the head of its Spanish and Portuguese division.

Pbb Deutsche Pfandbriefbank has provided a €20 million loan to the Département du Finistère in France to finance the renovation of several infrastructure projects including road networks and colleges.

Pbb Deutsche Pfandbriefbank has provided a total of €120 million ($133.8 million) in loans on the acquisition of ten properties in Western Germany. The lender provided the loans to affiliates of the Catalyst Capital European Property Fund II that purchased the portfolio from TRIUVA (formerly IVG Institutional Funds) and a large German public sector pension scheme.

Pbb Deutsche Pfandbriefbank has provided a €100 million loan to German investor TAG Immobilien to refinance a residential property portfolio in Germany.

Aareal Bank has provided a €368 million loan to finance a logistics property portfolio in Germany.

Finnish real estate investment company Sponda has agreed to syndicated credit facilities totalling €600 million from a club of Nordic and German banks.

Bernhard Scholz, the member of pbb Deutsche Pfandbriefbank’s management board with responsibility for real estate finance and public sector finance, will leave the German bank when his current contract ends in April 2017.

pbb Deutsche Pfandbriefbank has provided a €63m senior loan to Cerberus Capital Management to refinance three German retail properties. The funds will also be used to refurbish the three shopping centres located in Bielefeld, Bonn and Konstanz.

Tristan Capital and Avestus Capital Partners have jointly purchased an office park in Poland with a €71m five-year loan from pbb Deutsche Pfandbriefbank. The new facility will be used to acquire Enterprise Park and adjacent development land in Kraków.