DekaBank finances last-mile logistics in Nuremberg

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.”

Read the full press release at the link below

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