pbb Deutsche Pfandbriefbank is providing financing for the acquisition of a German logistics and business real estate portfolio by HAIB Hamburgische Investment Beteiligungsgesellschaft, a joint venture enterprise of HAIH Hamburgische Investment Holding and a Fonds for private investors, specialised in warehouse real estate. For the transaction which was closed in December, pbb provided a loan to the amount of €52 mln.
The portfolio consists of 10 logistics and business real estate properties in the north and west of Germany with a total area of approximately 164,000 m² rentable space and has a well-diversified tenant structure. The properties will be managed by the experienced asset manager Garbe Logistic, one of the leading German asset managers in logistics.
Gerhard Meitinger, Head of Real Estate Finance Germany at pbb Deutsche Pfandbriefbank said: “With this transaction, we are continuing our successful cooperation with Garbe Logistic. pbb also provided the GARBE Logistic European Investment Fund – also managed by Garbe Logistic – with a loan last year. We are very pleased to be able to continue and expand our good working relationship with one of the leading German logistics experts”.
Source: pbb Deutsche Pfandbriefbank