Berlin Hyp finances Prologis fund's Paris assets

German lender Berlin Hyp has provided an €87.8 mln loan to finance a portfolio of 13 prime logistics distribution centres in the Greater Paris area.

The package is owned by Prologis Targeted Europe Logistics Fund.

'Our commitment is supported by distribution centres that are airport proximate as well as our confidence in the logistics real estate expertise of Prologis,' commented Gero Bergmann, member of Berlin Hyp’s Board of Management.