Bird & Bird advises Deutsche Pfandbriefbank AG on the development financing of two logistics centres for Hillwood
Contacts
Partner
Germany
As a member of our Finance & Financial Regulation team in Frankfurt, I have more than 10 years of experience in advising on financing transactions. I bring a deep understanding of the economic interests of my clients and their business, and a pragmatic, goal-oriented approach to legal service.
Associate
Germany
As an associate in our German Finance & Financial Regulation Group based in Frankfurt, I advise national and international clients on finance and regulatory matters.
Associate
Germany
As an associate in the Financing & Financial Regulation practice group based in our Frankfurt office, I advise German and international clients on all aspects of banking and finance law. One focus of my work is advising on structured financing, real estate, acquisition and corporate finance.<BR/><BR/>I also advise on sustainable infrastructure investments with a particular focus on the energy sector.
International law firm Bird & Bird has advised Deutsche Pfandbriefbank AG (pbb) on the development financing of two logistics centres in Essen and Mönchengladbach for US real estate company Hillwood.
Pbb is a leading European specialist bank for commercial real estate financing. The loans are in the lower and mid double-digit million range.
Hillwood is one of the world's leading companies in the commercial property sector with 30 years of investment experience in Europe and North America and has a special focus on the development and management of commercial and industry spaces.
The property in Essen will have a warehouse space of 38,567 sqm and is connected to the motorway network (A42). Essen is located in the centre of the Ruhr area, the largest conurbation in Germany with a population of more than 10 million people. The Essen site has a total of 42,447 m2 of modern industrial space. Completion is planned for Q1 2025.
The property in Mönchengladbach will have a warehouse space of 15,260 square metres. The city of Mönchengladbach, has a population of around 270,000, and is located in the west of North Rhine-Westphalia. The city’s excellent transport links and the good availability of qualified experts have already attracted many international companies. Completion is planned for Q4 2024.
Pbb was advised by the following Bird & Bird lawyers: Partner Sebastian Bergenthal, LL.M. (lead) and associates Jonathan Stoldt and Simon Schulz (all Finance & Financial Regulation, Frankfurt).