German lender DekaBank has arranged a £40 mln (€44 mln) loan facility on behalf of Kwasa Goodman Germany (KGG), a co-investment between Goodman and Employee Provident Fund (Malaysia), in order to finance the acquisition of an Amazon logistics unit located at London Medway Commercial Park, Kent.
Developed in 2018 by Goodman, the unit provides around 367,000 ft2 (34095 m2) of logistic space, fully leased until 2034. The site is situated in the Kent and Medway area with access to the Port of Dover, Eurotunnel and the High Speed 1 rail link to Greater London.
James White, head of UK origination at DekaBank in London, commented: 'This financing again demonstrates the capabilities of the bank, arranging a fully underwritten financing solution, secured against a prime logistics unit despite challenging market conditions.
'We are particularly delighted to further our ongoing relationship with KGG by supporting them in their first UK acquisition.'
DekaBank is the securities services provider of the German Savings Banks Finance Group.
