DLE Logistik Fonds has received a €100 mln loan for a logistics real estate portfolio at attractive locations in Germany from Landesbank Baden-Württemberg (LBBW).
The portfolio includes existing properties in Heinsberg (North Rhine-Westphalia) and Bad Hersfeld (Hesse), almost 100% leased at moderate rates, as well as future transactions.
The term of the loan is five years.
Dr. Kilian Mahler, managing partner of DLE Logistics, said: ‘These types of properties are very good investment properties because the property yields are attractive at around 6% and allow for a positive leverage effect. The indexation of many leases offers good inflation protection.'
Natalie Braun, head of real estate finance international investments at LBBW, added: ‘The portfolio fits very well into our credit risk strategy and we were able to successfully implement the portfolio financing with our experienced teams.’
GSK Stockmann and Mittler IFM acted as advisors to DLE, while Bryan Cave Leighton Paisner and Elvinger, Hoss & Prussen advised LBBW.
DLE Logistics is a specialized investment manager for light industrial and logistics real estate assets in Germany and Europe, managing 2.5 million m2 with a transaction volume of €3 bn.
