Press Release

DekaBank provides financing for new Amazon logistics facility in Mönchengladbach

10.10.2019

DekaBank has arranged a loan to the Korean investor Samsung Securities & KB Securities, advised by the La Française Group, for the purchase of a logistics property in Mönchengladbach.  DekaBank is the sole underwriter of the loan of EUR 119.3 million, which has a term of five years.
 
The modern logistics facility in the west of Mönchengladbach (Rheindalen) with a total area of 150,000 sqm was completed in July 2019. On three floors, the property has logistics and storage space as well as offices, seminar and canteen facilities. The property includes a multi-storey car park with more than 1,000 parking spaces and 180 trailer spaces. The logistics centre is fully and long-term leased to Amazon.
 
Amar Latif, who heads DekaBank’s German origination platform, said: "With the successful cooperation with La Française, DekaBank was once again able to illustrate its expertise to underwrite large tickets if secured against core real estate in Germany.”

About Deka

DekaBank is the Wertpapierhaus (securities services provider) of the German Savings Banks Finance Group. Together with its subsidiaries it forms Deka Group, which has total customer assets of around EUR 306 billion (as at 30/09/2019) and around 4.7 million securities accounts, making it one of the largest securities services providers and real estate asset managers in Germany. It provides retail and institutional clients access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe and designs its portfolio of products and services to meet the requirements of its shareholders and sales partners in the securities business.

Your contact

Dr. Daniela Gniss

Press officer

T +49 69 7147 2188

daniela.gniss@deka.de

Christian Pommée

Press officer

T +49 69 7147 7761

christian.pommee@deka.de