German bank Helaba has arranged a 鈧�250 mln long term financing for Blackstone鈥檚 acquisition of 27 logistics properties in Germany.
German bank Helaba has arranged a 鈧�250 mln long term financing for Blackstone鈥檚 acquisition of 27 logistics properties in Germany.
Acting as Mandated Lead arranger in this transaction, Helaba provided the full underwriting.
The portfolio, comprising of 27 well diversified properties, covers a rental area of more than 630,000 m2. Let to 83 different tenants, the properties are located in logistic hubs of Germany with focus on North-Rhine Westphalia.
The transaction is part of Immofinanz鈥檚 sale of their entire logistics portfolio to Blackstone's European logistics arm Logicor has for 鈧�536 mln.
Helaba is financing exclusively the German assets which represent the vast majority of the 1 million m2 portfolio. Other assets are located in Hungary (5), Romania (3), Poland (2), Slovakia (1) and Russia (1).
