pbb provides Sharia compliant investment facility for Sedco

pbb Deutsche Pfandbriefbank has agreed a € 76 million medium-term refinancing facility for Sedco Capital, advised by LaSalle Investment Management, for a mixed-use portfolio located predominately in Berlin. pbb is acting as sole lender and hedge provider for the facility. The mixed-use portfolio consists of eight German assets with a total lettable area of 65,770 sqm. Four of the largest assets, in terms of value, are located in Berlin and represent 75% of the portfolio's value.