Press Release

DekaBank provides financing for Hines Global Income Trust UK Logistics

28.07.2020

DekaBank has arranged and underwritten a £55,137,500 loan facility on behalf of four special purpose vehicles (SPVs) owned by Hines Global Income Trust. The loan proceeds were used to finance the acquisition of a solus logistics unit in Wakefield, and to release equity out of three unencumbered solus logistics units in Avonmouth, Milton Keynes and Edinburgh which were acquired in 2019.
 
The Hines Global Income Trust UK Logistics Portfolio comprises of 832,495 sq ft of modern logistics space situated in strategically important locations across the UK. The portfolio is fully let with a weighted average lease term of more than 10 years.
 
This financing again demonstrates the capabilities of the bank, arranging a fully underwritten financing solution, secured against prime logistics assets despite challenging market conditions. DekaBank will continue to seek opportunities to provide new loan financings for key clients on well leased commercial real estate. 

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 313 billion (as at 31/12/2019) and around 4.8 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