News/Real Estate Finance

Deutsche Hypo and ING finance a logistics portfolio for the Goodman Group

Deutsche Hypo – NORD/LB Real Estate Finance and ING provide financing for a German-Dutch logistics portfolio for the Goodman European Partnership (GEP) managed by the Goodman Group in a club deal. The financing volume of EUR 200 million is split evenly between the two lenders with ING taking on the role as Agent and Sustainability Coordinator. The term of the loan is five years.

The Goodman Group, based in Sydney, is a leading international owner, developer and manager of logistics and industrial properties with AuM of around 50 billion euros.

“This deal is another good example of the successful structuring of a cross-border financing for us,” explains Georg Richard König, Deutsche Hypo – NORD/LB Real Estate Finance. “We are pleased that we were able to convince this renowned investor together with ING and add Goodman to our client portfolio.”

“We are very happy to further broaden our global relationship with the Goodman Group by financing this new and sustainable cross-border portfolio in a Green Loan structure”, states Nico Schönemann, Head of Origination for the Real Estate Sector of ING in Germany.

Images of the properties are available for download. Please quote “Goodman Group” as the source.