DekaBank has arranged a €117.3m loan facility on behalf of KWASA Goodman Germany, a co-investment between Goodman and Employee Provident Fund (Malaysia), in order to finance three prime logistics facilities in Germany. pbb Deutsche Pfandbriefbank jointly underwrote the loan facility with DekaBank acting as arranger. The loan was structured as a forward facility with three different drawdowns upon the completion of each asset. The first property consists of a modern logistics asset located in Ergolding (Bavaria) and fully let to BMW until 2032. Two further assets are located in Marl and let to the Metro Group on long leases. The Metro properties, with a combined area of approximately 235,000 sqm, make them one of the largest logistics assets in Europe.
