pbb Deutsche Pfandbriefbank, together with BayernLB and Stadtsparkasse München as the senior consortium, is providing a loan of around EUR 254 million. Lenwood Capital GmbH arranged the mezzanine capital in the amount of EUR 58 million. As mandated lead arranger, pbb took over the structuring of the financing and acts as facility and security agent during the term.
The ATMIRA Group is thus financing the construction of a four-storey logistics centre with a lettable area of around 265,000 m² in the International Logistics Centre (ILZ) in Erfurt. With its ideal location for this use in the middle of Germany and direct motorway access, the site has excellent connections.
During construction, special emphasis is placed on sustainability. Among other things, the building will have a green roof for the retention of water as well as a photovoltaic system for the local generation of a significant share of the electricity for the operation and will be certified according to the DGNB Gold Standard. The property, which will be one of the largest and most modern robotic logistics properties in Europe, will be able to handle up to 550,000 parcels per day for a global online retailer that has leased the building on a very long-term basis.
Gerhard Meitinger, head of pbb's real estate finance business for Germany, said: "We are financing a very unusual and extremely forward-looking logistics property here, which is also sophisticated in terms of technical equipment during construction. With this financing, pbb, together with its partner banks, has once again demonstrated its high level of expertise in structuring complex transactions."
"We are very pleased that we were able to gain top-class and reliable financing partners for this large ticket with pbb, BayernLB and Stadtsparkasse München in what are currently quite turbulent times. The sensible addition of mezzanine capital from Lenwood and a significant equity share from our group of companies provides the necessary financial security for this project," added Tim Wiesener, Managing Director of the ATMIRA Group.