Credit where credit’s due

Pbb has been recently back in the news in Poland for providing a EUR 115 mln loan facility to Ares for the acquisition of a 285,500 sqm warehouse portfolio here. Would you say that warehousing was your favourite real estate sector right now? Can it continue to boom indefinitely – or will its star inevitably wane? Dieter Knittel, head of the CEE region, Pbb Deutsche Pfandbriefbank: Logistics properties are one of Pbb’s core asset classes. The warehouse market has been one of the best performing property sectors throughout the pandemic and we have been seeing a lot of investor interest across Europe and the CEE region. The growth of e-commerce is one of the main drivers in the segment and leasing activity has been very strong. Despite the level of uncertainty caused by the pandemic, the outlook for the warehouse sector remains positive and we will continue to be active in this segment. Very good assets have seen significant price increases, so a certain correction at some po