GARBE Industrial Real Estate (“GARBE”), one of the leading specialists for logistics and industrial properties in Germany and elsewhere in Europe, just secured the portfolio financing of five fully occupied logistics properties in an amount of approximately 100 million euros.
The lending bank is Hamburg Commercial Bank (“HCOB”). The portfolio has a market value of more than 150 million euros.
Jan Philipp Daun, Managing Director of GARBE, said: “Considering the currently challenging market environment, we very much appreciate that we were able to close this comprehensive portfolio financing arrangement together with HCOB in a swift, structured and reliable manner.”
Peter Axmann, Head of Real Estate Clients at HCOB, added: “We share the experience of a long-term collaboration that is defined by a pragmatic approach in the spirit of partnership. We are glad we successfully concluded yet another financing arrangement with GARBE at this time. Logistics real estate has proven to be a robust investment with a stable cash flow, while the financed assets have impressed us with their long-term viability, location and sustainable aspects.”
You can now read the full press release at the link below
