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.
Related News Articles
Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers
As Mumbai continues to grow
Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally
Mumbai's prime residential prices surge 11.5% year-on-year, ranking third globally, as India's economic growth drives demand in luxury housing market.
Affordable Housing Supply Dries Up as Builders Focus on Premium Projects
The latest data from JLL India reveals a 21% decline in affordable housing supply below Rs 50 lakh, while premium projects saw a significant surge in demand.
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.
Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai
Uber has partnered with Heads Up for Tails to offer pet-friendly rides in Delhi and Mumbai, making travel more convenient and comfortable for pet owners.
Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO
A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).