DekaBank has provided a €44.5M senior loan secured against a last-mile logistics property in Nuremberg, which was acquired by two German institutional investors, advised by investment and asset manager LUWIN Real Estate in an off-market deal from May & Co.
The property is located within the established Grundig Gewerbepark in Nuremberg and was completed in 2021. The property extends to 9,500 sqm and is fully let to Amazon on a long-term basis.
Amar Latif who heads DekaBank’s German origination said: “We are pleased to assist LUWIN Real Estate and its investors in acquiring a core last-mile logistics asset in a very good location with conservative leverage. We continue to look to deploy further capital towards core office and logistics assets in Germany.”
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