pbb, together with Berlin Hyp AG and Helaba, provided EUR 380 mn to GARBE Industrial Real Estate for the refinancing of a logistics portfolio it manages. pbb arranged the financing and also acts as syndicate leader.
The logistics portfolio consists of 29 properties at established logistics locations in Germany and the Netherlands and provides a total lettable area of 630,933 m², it is let predominantly to logistics companies that have been successfully operating in the market for many years.
GARBE Industrial Real Estate has specialised in the development, marketing and management of logistics and corporate real estate for 25 years. pbb and GARBE have maintained a successful business relationship since 2013 with several joint engagements.
Gerhard Meitinger, Head of Real Estate Germany at pbb, said: "The structuring of this very complex cross-border financing together with two strong partners shows that it is possible to provide our clients with individual financing solutions even in a special market environment. We are pleased to accompany our long-standing client in their further development together with our two bank partners."