Commercial real estate financier Deutsche Hypo – Nord/LB Real Estate Finance is refinancing the acquisition of three warehouses on behalf of GLP Capital Partners.
The financing term for the properties, which are on long-term leases, is five years.
The modern, third-party logistics properties are located in Germany, the Netherlands and France.
Georg Richard König, Deutsche Hypo – Nord/LB Real Estate financial solutions, said: ‘The cross-border financing in three jurisdictions is a novelty for Deutsche Hypo – Nord/LB Real Estate Finance. We are pleased to have gained GLP Capital Partners, one of the leading global logistics investors, as a new customer and to be able to support them with our expertise in real estate financing in national and international markets.’
GLP Capital Partners is a global manager for alternative investments with approximately $125 bn (€115 bn) in assets under management.