Hamburg Commercial Bank AG (HCOB) has agreed to provide investment manager Barings with financing in the mid double-digit million euro range for the construction of a sustainable logistics centre in Hesse.
The “Bad Hersfeld Ost” logistics facility is being built near Herleshausen, directly on the A4 east-west connection. On a site of approximately 166,000 m2, several logistics units with a total of around 63,000 m2 are being built.
In addition, there will be almost 8,600 m2 of office and mezzanine space as well as parking spaces for cars and trucks. Completion of the development is scheduled for the fourth quarter of 2025. The aim is to achieve at least a DGNB (German Sustainable Building Council) gold certification.
'We are pleased to be working again with our long-standing customer Barings on this project, which is characterized by high sustainability standards and therefore fits very well into our portfolio,' said Peter Axmann, head of real estate clients at Hamburg Commercial Bank.
'We have been working successfully with HCOB for many years, and with them we once again have a strong financing partner at our side. This provides ideal conditions for this development project, which we will realise for the investors in our pan-European logistics joint venture,' said Daniel Köhler, head of real estate treasury Europe, at Barings.
image (c) Christian Schwartz
