Green Financing for Logistics Property Acquisition in Germany: A Real Estate Law Perspective
DLA Piper advises Hines on green financing of logistics property acquisition in Germany, leveraging expertise in real estate law.
Green FinancingLogistics PropertyReal Estate LawGermanySustainable InvestmentReal EstateJul 18, 2024
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.
Frequently Asked Questions
What is the name of the logistics property acquired by Hines in Germany?
The logistics property acquired by Hines is called 'Logistikzentrum Mittelsachsen' (LZM).
What is the gross floor area of the logistics property?
The gross floor area of the logistics property is approximately 74,600 sqm.
Who provided the green property financing for the acquisition?
ING Germany (ING) provided the green property financing for the acquisition.
What is the significance of the DGNB certificate in 'Gold'?
The DGNB certificate in 'Gold' is a recognition of the logistics property's high sustainability standards.
What was the role of DLA Piper in the deal?
DLA Piper advised Hines on the legal aspects of the financing under German and Luxembourg law, as well as on German real estate law.
Related News Articles
Unlocking Opportunities in the Real Estate Insurance Market: Trends, Insights, and Projections
Discover the latest trends, challenges, and opportunities in the real estate insurance market, featuring key players, regional analysis, and market segmentation.
Pune Real Estate Market Sees 50% Jump in Registered Transactions, Average Home Price Reaches Record High
The number of real estate transactions in Pune has increased significantly, with registered transactions surging by 50% in the April-June 2024 quarter.
Haryana and Jammu & Kashmir Assembly Election Dates Announced by EC; Results to be Declared on October 4
The Election Commission of India has announced the dates for the Haryana and Jammu & Kashmir assembly elections. The polls will be held in a single phase on October 21, and the results will be declared on October 4.
Century Textiles Acquires 10-Acre Land in Mumbai for ₹1100 Crore, Expects ₹14,000 Crore in Revenue
Century Textiles plans to develop the land through its real estate subsidiary Birla Estates, expecting ₹14,000 crore in revenue from the project.
Virgo Daily Horoscope for September 14, 2024: A Temporary Setback in Assets and Real Estate Deals
Be cautious with real estate deals today, as a temporary decline in assets may occur. However, this setback will be short-lived.
DLF Q2 Earnings Skyrocket: Net Profit Surges to ₹1381 Crore
DLF, India's leading real estate firm in terms of market capitalization, has reported a remarkable surge in its Q2 net profit, jumping over twofold to ₹1381 crore. The company, primarily engaged in the development and sale of residential and commercial pr