German banks pbb Deutsche Pfandbriefbank and DekaBank Deutsche Girozentrale have financed the acquisition of a German logistics portfolio by London-based investment manager Tristan Capital Partners for its Pan European fund Curzon Capital Partners III.
German banks pbb Deutsche Pfandbriefbank and DekaBank Deutsche Girozentrale have financed the acquisition of a German logistics portfolio by London-based investment manager Tristan Capital Partners for its Pan European fund Curzon Capital Partners III.
The loan volume totals EUR 83 mln, with pbb and Deka each taking a tranche of EUR 41.5 mln.
The transaction was signed on June 30, 2012 and the disbursement of the investment loan took place at the closing on July 18, 2012.
The acquired portfolio consists of 12 logistics facilities with 19 individually lettable units comprising 240,000 m2 modern logistics space and potential for developing an additional 37,000 m2 of lettable area. The properties are located in major German logistics regions such as Leipzig, Herford and Neuenstadt.
