Hamburg Commercial Bank AG (HCOB) is providing Barings with financing in the mid-double-digit million euro range for the construction of a sustainable logistics centre.
The "Bad Hersfeld Ost" logistics facility is being built near Herleshausen, directly on the A4 east-west connection. Several logistics units with a total area of around 63,000m2 are being built on a plot of land with a total area of around 166,000m2. In addition, there will be almost 8,600m2 of office and mezzanine space as well as car and truck parking spaces. The property is scheduled to be completed in the fourth quarter of 2025. At least a DGNB Gold certification is being sought.
"We are delighted to be working with our long-standing customer Barings again on this project, which is characterized by high sustainability standards and therefore fits very well into our portfolio," said Peter Axmann, Head of Real Estate Customers at Hamburg Commercial Bank.
"We have been working successfully with Hamburg Commercial Bank for many years and once again have a strong financing partner at our side. This provides ideal conditions for this project development, which we will implement for the investors in our pan-European logistics joint venture," said Daniel Kohler, Head of Real Estate Treasury Europe, at Barings.
Image source - HCOB.
Europe Real Estate — an overview of real estate developments in European countries.
