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5 May 20212 minute read

DLA Piper advises pbb, Berlin Hyp and Helaba on the refinancing of a logistics portfolio

DLA Piper has advised Deutsche Pfandbriefbank AG (pbb) as lead arranger in a consortium with Berlin Hyp AG (Berlin Hyp) and Helaba on the EUR380 million refinancing of a logistics portfolio managed by GARBE Industrial Real Estate.

The portfolio consists of 29 logistics properties in Germany and the Netherlands with a total lettable area of 630,933m2.

pbb, Berlin Hyp and Helaba are among the largest German and European banks with specialized expertise in real estate financing.

The DLA Piper team led by partner Dr Torsten Pokropp included partner Frank Schwem, senior associate Tony Sparing, associate Emel Toluay-Ayhan and transaction lawyer Merve Schmitte (all Finance & Projects, Frankfurt). A team in Amsterdam with Partner Lex Oosterling, Counsel Stephanie Menz, Senior Associate Maurice Jeurissen and Associate Tom van den Berg (all Finance & Projects) was also involved.

The transaction was advised in-house by Hanns-Christian Paul (pbb), Peter Maurer (Berlin Hyp) and Andrea Gintner (Helaba).