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Starwood finances near €300m The Park buy with PBB/Helaba €180m loan

Starwood Capital Group, the global private investment firm, has bought The Park office park in Prague for just under €300m, from two maturing open-ended DEGI funds controlled by Aberdeen Asset Management, financed with a five-year senior loan Deutsche Pfandbriefbank (PBB) and Helaba.
By James Wallace
July 22, 2013 | 3:10 P.M.

PBB and Helaba split the senior loan 50: 50, with both German banks expected to retain their final hold. The transaction closed on 18 July.

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