Deutsche Hypo – NORD/LB Real Estate Finance is providing a joint venture consisting of VGP and Deka Immobilien with an amount of around EUR 330 million as part of two financings for the financing of a logistics portfolio. The term of the loan is seven years.
The logistics portfolio held by the joint venture, with a value of around EUR 1.1 billion, comprises five logistics parks with a total of 20 properties, whereby the package is made up of existing buildings and project developments with completion by 2024. The parks are located in Germany and are already let on long-term leases.
“The joint venture will create a stable and long-term portfolio of prime logistics properties,” says Dieter Koch, Head of the Deutsche Hypo – NORD/LB Real Estate Financial Solutions Team. “We are very pleased to accompany VGP as our long-standing existing customer as well as Deka Immobilien, one of the largest globally operating real estate fund companies, in this project,” says Koch.
