Real Estate
Green Financing for Logistics Property Acquisition in Germany: A Real Estate Law Perspective
By GeoSquare News Desk · Published 2024-07-19
In a significant deal, global real estate investor, developer, and property manager Hines has acquired a logistics property in Hainichen, Saxony, Germany, for its core-plus fund 'Hines European Property Partners' (HEPP). The acquisition was made possible through a large-volume green property financing provided by ING Germany (ING). The 'Logistikzentrum Mittelsachsen' (LZM), which boasts a DGNB certificate in 'Gold', features a gross floor area of approximately 74,600 sqm, 258 car parking spaces, and 14 truck parking spaces.
As Hines' legal advisor, DLA Piper's team of experts played a crucial role in the financing process. The team was jointly led by partners Eike Neugebauer, specializing in Real Estate Finance in Frankfurt, and Dr. Martin Haller, an expert in Real Estate law in Munich. The team's expertise in German and Luxembourg law, as well as German real estate law, was instrumental in the deal's success.
The DLA Piper team also included partners Dr. Manuel Indlekofer, Xavier Guzman, counsel Kais Torchani, Yann Zellet, senior associate Dr. Lilian Gutkin, associates Sophia Aiello, Tiziana Olivetti, Irene Tamés de la Sierra, and legal advisor Kateryna Lahodivets.
The acquisition of the logistics property marks a significant milestone in Hines' growth strategy, and the green financing aspect of the deal highlights the company's commitment to sustainability. The transaction also underscores the importance of expert legal advice in complex real estate deals.
Information
Hines is a global real estate investor, developer, and property manager with a presence in 25 countries. The company's portfolio includes a diverse range of properties, including office buildings, retail spaces, and logistics facilities.
DLA Piper is a global law firm with expertise in various practice areas, including real estate law, finance, and corporate law. The firm has a strong presence in Germany and Luxembourg, with offices in Frankfurt, Munich, and Luxembourg City.
Hines is a privately-owned global real estate investment, development, and management firm founded in 1957, with a presence in 25 countries and $144.1 billion of assets under management.
DLA Piper is a global law firm with offices in over 40 countries, providing a wide range of legal services to clients across various industries.