PGIM has a value of 300 million euros for a financial logistics portfolio

Logistics | Business

Frankfurt am Main, 25.09.2024

PGIM Real Estate has a European logistics platform and a previous Darlehen at a height of more than 300 million euros for financial portfolios in Germany in the European core debt investment strategy for its development. PGIM Real Estate is the 206 million US dollar invested investment company of PGIM and the large real estate sector⁽¹⁾.

The portfolio is of high quality and diversifies logistics with a combined area of ​​more than 510,000 m², which was put into use in 2004 and 2022. The German logistics market benefits from low centrality in the lovely chain in all of Europe. All objects can be found in or in the Nähe von etablierten Logistik-Schlüsselregionen in Deutschland, by Frankfurt Rhein-Main, Rhein-Ruhr, Leipzig und dem Großraum Munich, where the überwiegende Mehrheit von BREEAM-Bewertungen von “Sehr gut” or besser ( or vergleichbaren DGNB-Gold-Bewertungen) profitable.

You can always rely on one of the existing branches, such as Non-Food Retail, Home Textiles, Storage and Distribution Services for Automotive Repairers.

The transaction is led by Laura Denenga and Jürgen from the Originations Team of PGIM Real Estate.

James Mathias, Senior Portfolio Manager for European Core Debt at PGIM Real Estate, commented: “Cyclical market acquisitions and structural changes are the chance, first class credits that come out of the old and traditional financing, which are back. Germany offers credit opportunities for the market with a solid economy and a solid economy, which has liquidity relations in the low situation.“

^{(1) PGIM Real Estate is one of the three largest real estate agents (from 76 years ago) in Bezug on the well-known real estate market, based on October 2023, provides an overview of the best real estate managers in the field of pensions and investments. This Ranking represents the representation of the PGIM Real Estate sold worldwide as of June 30, 2023. The title of the Ranking is voluntary and not licensed.}