pbb and DekaBank finance acquisition of logistics portfolio by Tristan Capital (DE)

pbb Deutsche Pfandbriefbank and DekaBank Deutsche Girozentrale finance the acquisition of a German logistics portfolio by the UK-based investment manager Tristan Capital Partners for its pan-European fund Curzon Capital Partners III.

The loan volume totals €83 million. pbb and Deka are each taking a tranche of €41.5 million. The transaction was signed on June 30, 2012 and the disbursement of the investment loan took place at the closing on July 18, 2012.

The acquired portfolio consists of 12 logistics facilities with 19 individually lettable units comprising 240,000 m² modern logistics space and potential for developing an additional 37,000 m² of lettable area. The properties are located in major German logistics regions such as Leipzig, Herford and Neuenstadt.

Source: pbb Deutsche Pfandbriefbank

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