The German branch of Hypo Real Estate Bank International refinances a portion of the Central and Eastern European distribution properties portfolio of the ProLogis European Properties Fund. The financing volume amounts to € 110 million. The loan is secured against 16 distribution facilities in Poland, the Czech Republic and Hungary.
“I am very pleased with this transaction and the professional collaboration with ProLogis that led up to it,” said Christoph Donner, Director of the bank’s German branch. “This financing is our biggest yet in the region of Central and Eastern Europe (CEE). It demonstrates the bank’s ability to provide cross-border portfolio solutions also in the emerging economies of Central and Eastern Europe.”
The ProLogis European Properties Fund is owned by a number of institutional investors including ProLogis. To date it has invested over € 2.4 billion in a Pan-European logistics platform of modern distribution facilities in strategic locations. ProLogis acts as the sponsor and manager of the fund.
Source: Hypo Real Estate