Samsung Securities & KB Securities has secured a five-year €119.3m loan from DekaBank for the purchase of a logistics property in Monchengladbach, Germany. Located in Rheindalen, the asset was completed in July 2019 and comprises 150,000m². Apart from logistics and storage space, the scheme features offices, seminar and canteen facilities. The property also includes a multi-storey car park with more than 1,000 parking spaces and 180 trailer spaces. The logistics centre is fully let to Amazon.
Amar Latif, who heads DekaBank’s German origination platform, said: "With the successful cooperation with La Francaise, DekaBank was once again able to illustrate its expertise to underwrite large tickets if secured against core real estate in Germany.”
