BCLP has advised ING Germany (ING) on the origination of a large-volume green real estate finance loan. The borrower belongs to the global developer, investor and fund manager Hines.
ING, as the sole lender, refinanced the equity used to acquire the logistics property located in Hainichen, Saxony/Germany. The property comprises a logistics asset with a gross floor area of roughly 74,600m2, 258 car parking and 14 truck parking lots. It is fully leased and has received a DGNB “Gold” certification. Additionally, the loan is structured as a green loan.
ING is the third largest bank in Germany and one of the top five largest real estate banks in Europe.
“We are very pleased to finance this newly built green logistic asset for Hines. Sustainability and quality are two important focus points in our commercial real estate finance. Hence, we are very proud to once again work with Hines, one of the leading real estate investors with their great focus on sustainability,” said Simone Schmidt, head of the Real Estate sector at ING Germany.
Image provided by BCLP.
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