pbb provides €90 million financing to Frasers Property Investments Europe, for the acquisition of logistics properties in Germany


Munich – pbb Deutsche Pfandbriefbank has provided an investment loan of €90 million to Frasers Property Investments Europe (FPE), a subsidiary of the internationally operating real estate company Frasers Centerpoint Limited, for the acquisition of four logistics hubs.

Each of the properties is rented to logistics operator Hermes Germany, as part of its new location strategy. In this way, Hermes takes account of the increasing online trading business and the ever-increasing demands on logistics.

The properties financed, which were acquired by FPE and developed for Hermes by ECE Projektmanagement, are located in the strong logistics markets of Heilbronn, Mainz, Berlin and Augsburg.

Gerhard Meitinger, Head of Real Estate Finance Germany at pbb, said: “The newly constructed logistics centres offer a highly attractive portfolio, capitalising on the strongly growing e-commerce market and the subsequent increased demand for modern logistics areas. We are delighted to have the opportunity to further extend the efficient cooperation with FPE as a very professional partner through this transaction.”

Media contacts:
Walter Allwicher, +49 89 2880-28787, walter.allwicher(at)pfandbriefbank.com
Nina Lux, +49 89 2880-11496, nina.lux(at)pfandbriefbank.com

Notes to the editors

Frasers Centrepoint Limited (FCL) is an internationally operating and broadly-diversified real estate investment company, which is listed on the Main Board of the Singapore Exchange Securities Trading Limited.

In 2017, FCL acquired 99.4% of Geneba Properties N.V.’s (“Geneba”) depositary receipts, and merged Geneba’s real estate business into the newly established (in 2017) Frasers Property Europe (FPE). As with Geneba, FPE's investment profile is concentrated on logistics and light industrial properties in Germany and the Netherlands.