The Atmira Group finances the construction of the Erfurt A logistics center [wir berichteten] through a consortium consisting of pbb, BayernLB and Stadtsparkasse München with a senior loan of approximately € 254 million.
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As a senior consortium, pbb Deutsche Pfandbriefbank, BayernLB and Stadtsparkasse München are providing a loan of around EUR 254 million. Lenwood Capital GmbH organized the mezzanine capital of EUR 58 million. As the lead arranger in charge, pbb took over the structuring of the loan and acted as a facility and security agent during the mandate.
“We are very pleased to have been able to win first class and reliable financial partners for this great ticket with pbb, BayernLB and Stadtsparkasse Munich in currently rather turbulent times. The reasonable addition of mezzanine capital from Lenwood and a significant share of EK from our group of companies guarantees the necessary financial security for this project, “added Tim Wiesener, CEO of the Atmira group.
The Atmira Group thus finances the construction of a four-storey logistics center with a rental area of approximately 265,000 m² in the International Logistics Center (ILZ) in Erfurt. [wir berichteten]. With its ideal location for this use in central Germany, the site is excellently connected with a direct motorway link.
During construction, particular emphasis is placed on sustainability. The building, among other things, will have a green roof for water retention and a photovoltaic system for the local production of a significant share of the operating electricity and will be certified according to the DGNB Gold Standard. The property, which will be one of the largest and most modern robotic logistics properties in Europe, will in the future be able to handle up to 550,000 packages per day for a global online retailer who has been renting the building for a long time.
“Here we are financing a very unusual and extremely forward-looking logistic property, which is also sophisticated in terms of technical equipment during construction. With this financing, pbb, together with its partner banks, has once again demonstrated its high level of competence in structuring complex transactions, ”says Gerhard Meitinger, head of pbb’s real estate financing business for Germany.
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