pbb finances joint venture between Urban Partners and HIH Invest for two logistics projects in Herten and Bensheim. The financing specialist thus underscores its commitment to sustainability.

Munich, 19 February 2026 – Deutsche Pfandbriefbank (pbb) is financing logistics developments in Herten and Bensheim on behalf of the joint venture between Urban Partners (formerly Nrep) and HIH Invest. Both projects are being developed in accordance with the latest ESG standards and are aiming for DGNB Gold certification.

In the northern Ruhr area, in the town of Herten, a logistics complex with a total rental area of 36,821 m² is being built on a 65,220 m² brownfield site, with completion planned for mid-2026. Almost half of the facility has already been pre-let.

Another logistics development is underway in the southern Hessian town of Bensheim, which benefits from excellent connections to the A5 and A67 motorways. Construction on the approximately 40,000 m² site is scheduled to begin in the first quarter of 2026. The property will offer a total rental area of 22,861 m² and has already been pre-let on a long-term basis.

Gerhard Meitinger, Head of Real Estate Finance Germany at pbb, said: ‘There is sustained demand from tenants and investors for modern, ESG-compliant logistics properties in convenient locations that are tailored to the needs of users. We are therefore delighted to support the Urban Partners/HIH Invest joint venture in the implementation of these logistics projects.’

"The projects in Herten and Bensheim demonstrate our strategy of investing in future-proof logistics properties with a clear sustainability profile and a focus on long-term, versatile use. We are continuing to expand our logistics segment at HIH Invest, which currently has more than €1.5 billion in assets under management. We look forward to further joint projects with our proven partners,‘ commented Felix Meyen, Managing Director at HIH Invest.

Wolfgang Ködel, Managing Director of Urban Partners Germany, said: ’We are delighted to be working with pbb on the external financing of these high-quality projects, which underpin our ambitions to revitalise brownfield sites to create flexible, future-proof facilities that support regional supply chains. Together with our trusted partners, we are proud to be driving these projects forward."

The law firm Bird & Bird LLP acted as legal advisor to pbb.

About pbb

pbb Deutsche Pfandbriefbank (www.pfandbriefbank.com) is a leading European specialist lender for commercial real estate finance in Europe. pbb is a major issuer of Pfandbriefe, which makes it also an important player in the European covered bond markets. pbb's shares are listed on the Frankfurt Stock Exchange.

About HIH Invest

HIH Invest Real Estate (“HIH Invest”) is one of the leading investment managers for real estate and infrastructure in Germany and across Europe.

Around 280 institutional clients place their trust in HIH Invest. They benefit from the expertise of our specialists in structuring, product development, property management and infrastructure/renewables, ensuring investment solutions tailored to their needs.

HIH Invest has eight locations across Europe. As part of the HIH Group, we cover the entire investment value chain with in-house resources. The early recognition of market changes, the implementation of regulatory requirements and innovative digital management are part of our corporate philosophy. 

At the moment, we have 26 billion euros worth of assets under administration.

About Urban Partners
Urban Partners is a leading European urban investment manager, owner and operator with a 20-year track record of delivering strong, risk-adjusted returns through market cycles. Urban Partners develops, actively manages and finances high-quality assets in prime locations across Northern Europe. Founded as Nrep in 2005, Urban Partners has more than €23 billion in assets under management through multiple strategies across the capital structure. Urban Partners  invests with high conviction in urban environments with strong, resilient economies and outsize growth potential. Read more at urban.partners and @UrbanPartners on LinkedIn.