DHG, otherwise known as the David Hart Group, has arranged a ‘futureproof facility’ to finance completed and planned projects. following disposals of developed assets post in recent years.
The company - one of the leading logistics developers in the Netherlands - has npw returned to a “build & hold strategy”.
Advised by Van Lanschot Kempen, DHG has raised €625 mln from the likes of Aareal Bank, ABN Amro and Rabobank for the so-called Smartlog portfolio.
Thirteen logistics properties are covered by the funding transaction, and have a total area of over 500,000 m2 and are located in logistics hotspots across the Netherlands.
The distribution centres comply with the Paris sustainable development goals of the Dutch Green Building Council. This allowed the transaction to be structured as a Green Loan.
Guus de Haan, head of debt advisory at Van Lanschot Kempen, said at the beginning of this year the advisor investigated various options for raising future-proof funding. ‘We are proud of this outcome, which provides DHG with the financial capacity to further develop its pipeline of sustainable logistics real estate projects.’
