Deutsche Pfandbriefbank and DekaBank have financed the acquisition of a German logistics portfolio by UK-based investment manager Tristan Capital Partners.
The pair provided a €83m facility – with each partner taking a tranche of € 41.5m – to the pan-European fund Curzon Capital Partners III, which bought 12 logistics facilities.
The portfolio comprises 19 individually lettable units totalling more than 2.5m sq ft of space and potential for developing a further 400,000 sq ft of lettable area. The properties are located in major German logistics regions such as Leipzig, Herford and Neuenstadt.
The transaction was signed on 30 June and the disbursement of the investment loan took place at the closing on 18 July.
bridget.o’connell@estatesgazette.com
