DekaBank Deutsche Girozentrale has financed the acquisition of two German logistics properties for a fund owned by Goodman Group and US REIT Chambers Street Properties.
DekaBank Deutsche Girozentrale has financed the acquisition of two German logistics properties for a fund owned by Goodman Group and US REIT Chambers Street Properties.
The loan volume totals €63 mln. The transactions were funded in July and December 2012.
The two properties consist of modern logistics facilities let to the European subsidiary of a major internet ecommerce provider on long triple-net leases. They provide a total lettable area of 114,000 m2 and are located in the regions of Graben and Koblenz.
Amar Latif, who heads DekaBank's German real estate lending activities, said the quality of the assets fits in very well with the group's underwriting criteria. 'The assets are modern, well located and underpinned by long-term cashflows to good tenants.'
Headquartered in Frankfurt, the real estate lending team of DekaBank has an international presence with offices in London, Paris, Milan, New York and Tokyo. DekaBank's real estate lending book currently amounts to €7 bn.
