PGIM Real Estate has secured a senior loan of over €300 million to finance a diverse logistics portfolio in Germany, capitalizing on favorable market dynamics and strong tenant demand.

Target Information

PGIM Real Estate has extended a senior loan exceeding €300 million to a prominent European logistics platform for the purpose of financing a comprehensive portfolio in Germany. This investment is part of PGIM’s European Core Debt strategy, highlighting the firm's commitment to strategic growth in the logistics sector. PGIM Real Estate, managing assets worth approximately US$206 billion, ranks as the third-largest real estate firm worldwide, reflecting its significant presence in the global market.

The portfolio in question is comprised of high-quality, geographically diversified logistics assets totaling over 510,000 square meters. These properties, constructed between 2004 and 2022, are strategically situated within established key logistics regions, including the Frankfurt Rhein-Main area, Rhein-Ruhr, Leipzig, and the Greater Munich area. Most properties boast BREEAM ratings of Very Good or higher (or comparable DGNB Gold ratings), ensuring a commitment to sustainability and operational efficiency.

Industry Overview in Germany

The logistics industry in Germany plays a pivotal role in European supply chains, benefiting from the country's central location and advanced infrastructure. Germany is home to world-renowned logistics hubs that facilitate seamless connecti

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PGIM Real Estate

invested in

Leading European logistics platform

in

in a Venture Debt deal

Disclosed details

Transaction Size: $317M

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