Berlin Hyp is providing Osmab Holding with a loan to the tune of €63.75 mln within the framework of a syndicate with Sparkasse Oder-Spree.
The financing is for the second construction phase of the Log Plaza Frankfurt (Oder) logistics project (LPFO).
Berlin Hyp – the syndicate leader – arranged the loan through its ImmoDigital platform, developed specifically to allow savings banks to participate in financing activities.
The infrastructure project is being implemented near Frankfurt (Oder) in the eastern part of the federal state of Brandenburg, not far from the Polish border.
The site is also close to Federal Motorway A12. There are plans to build a logistics park with approximately 170,000 m2 of usable space in three separate construction phases.
The second phase, which is being financed by Berlin Hyp, involves a logistics warehouse that will have ten sections. The building, which will be leased to an international logistics service provider, is scheduled to be completed in 2025.
The first construction phase was completed back in 2022. The warehouse built in this phase has been leased to the same logistics service provider and was financed by the above-mentioned syndicate. The third construction phase is currently being planned.
Among other aspects, the project focuses on sustainability, such as the installation of charging stations for electric trucks, cars and bicycles, as well as photovoltaic systems, LED lighting and rainwater retention basins.
Extensive environmental measures will also be implemented. These will include, for example, measures to create green spaces and wooded areas with approx. 500 broad-leafed trees and 4.4 ha of shrubbery.
Image copyright: Osmab Holding
