PGIM Real Estate’s core European debt platform has provided a loan of over €300m to finance a German logistics portfolio.
The real estate fund manager said the senior loan, which has been provided to a “leading European logistics platform”, will finance a 510,000sqm diversified portfolio of across the country built between 2004 to 2022.
James Mathias, senior portfolio manager for European core debt at PGIM Real Estate, said: “Due to cyclical market dislocation and structural change there’s an opportunity to step in and support best-in-class borrowers and replace traditional funding providers that are retrenching.
“Germany offers compelling private lending opportunities for market participants with strong relationships and a robust track record who can provide liquidity.”
The PGIM Real Estate core debt platform provides solutions for both fixed and floating-rate borrowers, including senior debt, whole loans and mezzanine with co-invest equity.
To read the latest IPE Real Assets magazine click here.
