DekaBank backs trio of real estate deals

DekaBank Deutsche Girozentrale, the asset management arm of German savings banks (“Sparkassen”), has provided financing for the acquisition of three logistics facilities in Germany and France.

The facilities are located in Bodenheim, Bremen and Lille-Douai, and have been acquired by a joint venture between Goodman Group and Chambers Street Properties, a self-managed REIT based in the US.

DekaBank’s financing package totals €49 million, it said in a statement announcing the deals.

Amar Latif, head of German real estate lending activities at DekaBank, commented: “We are very pleased to have continued our existing relationship with the sponsors and this financing is a good example of DekaBank being able to assist our key clients in providing financing on modern, well-located assets in more than one jurisdiction.”