Deka Realkredit Klassik, a credit fund, has acquired a €10 mln senior tranche of a commercial property loan from DekaBank.
Deka Realkredit Klassik, a credit fund, has acquired a €10 mln senior tranche of a commercial property loan from DekaBank.
The tranche is part of an overall financing totalling €32 mln which DekaBank has extended in its capacity of arranger for the acquisition of a new logistics property in Koblenz.
Construction of this logistics building was completed in 2012. In total, the property offers around 113,000 m2 of floor space and is fully let.
Deka Realkredit Klassik was launched in 2009 as the first credit fund under German investment law.
The investment fund exclusively buys senior debt relating to existing commercial property. The investment fund has €370 mln worth of assets and holds a total of 21 loans in its portfolio.
