DekaBank underwrites a EUR 145 million financing against logistics assets in Germany

DekaBank arranged a EUR 145 million senior debt financing secured against a portfolio of five newly built, last-mile logistics assets in Germany on behalf of AGC Equity Partners.

The financing was agreed late last year and fully funded in July 2023 following the disbursement of the second tranche.

The properties were built in 2021/2022 and are located in Halle, Kassel, Marburg, Straubing and Nufringen providing a total area of 42,131m². The portfolio is 89% occupied by Amazon and 11% by FedEx offering a WALT of around 14 years. All properties have been built to the latest ESG specifications. The financing is for a term of 4-years at a conservative LTV.

You can now read the full press release at the link below

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