K&L Gates Advises on €105 Million Logistics Portfolio Refinancing for Deutsche Pfandbriefbank AG
Global law firm K&L Gates has provided legal advice to Deutsche Pfandbriefbank AG on the refinancing of a significant logistics portfolio in France. The deal involves five last-mile logistics platforms and underscores the bank's commitment to ESG criteria.
Real EstateLogisticsEsgRefinancingDeutsche PfandbriefbankReal EstateAug 19, 2025
Deutsche Pfandbriefbank AG is a listed German bank that focuses on commercial real estate and public infrastructure financing across Europe. Recognized for its expertise in structured finance, the bank specializes in logistics, office, and residential assets, with an increasing emphasis on ESG criteria.
This transaction involves a portfolio of five last-mile logistics platforms, representing approximately 80,000 square metres of operating space, strategically located in the main logistics areas of the Paris and Lyon metropolitan areas. It follows on from an initial facility set up in 2022, which was adjusted following the sale in 2024 of an asset located in Limeil-Brévannes.
The financing structured by Deutsche Pfandbriefbank AG reflects a strong commitment to supporting long-term ESG strategies, notably by including the financing of renovation work aimed at substantially improving the energy performance of the buildings. As such, more than 80% of the assets are targeting EPC A energy certification, in line with the increasingly stringent environmental standards of the logistics real estate market.
The Finance team was led by Paris partner Thomas Ehrecke, with support from associate Pauline Ducousso.
K&L Gates’ global Finance practice integrates the many disciplines involved in financing and restructuring transactions across markets and industries around the globe. With lawyers in offices across Asia, Australia, Europe, the Middle East, North America, and South America, the practice maintains a balance between buy-side and sell-side representation in its work on behalf of lenders, borrowers, servicers, collateral managers, trustees, rating agencies, investors, and other participants in a wide array of financing transactions.
Frequently Asked Questions
What is the total value of the logistics portfolio refinanced by Deutsche Pfandbriefbank AG?
The total value of the logistics portfolio refinanced by Deutsche Pfandbriefbank AG is €105 million.
Who are the owners of the logistics portfolio?
The logistics portfolio is owned by Valor Real Estate Partners LLP and QuadReal Property Group.
What is the primary focus of Deutsche Pfandbriefbank AG's operations?
Deutsche Pfandbriefbank AG focuses on commercial real estate and public infrastructure financing across Europe.
How does the refinancing support ESG criteria?
The refinancing includes the financing of renovation work aimed at improving the energy performance of the buildings, with more than 80% of the assets targeting EPC A energy certification.
Who led the Finance team from K&L Gates in this transaction?
The Finance team from K&L Gates was led by Paris partner Thomas Ehrecke, with support from associate Pauline Ducousso.
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