News
PBB Finances Harbert’s Diamond Retail Portfolio Win
Deutsche Pfandbriefbank (PBB) has provided a £48m five-year loan for Harbert Management Corporation to finance its acquisition of six of the seven-strong UK retail warehouses Diamond portfolio it bought from Aviva Investors.
The 488,000 sq ft Diamond portfolio comprises five multi-let retail warehouses, a Sainsbury’s supermarket and a Homebase unit in Basildon, Blythe, Dover, Dumfries, Hanley, Northampton and Skegness let to a range of national retailers, with a weighted unexpired lease term of approximately 10.2 years.
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