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Germany’s largest federal state bank provides €100m in financing for logistics portfolio
Landesbank Baden-Württemberg (LBBW), Germany's largest federal state bank and a major provider of financing solutions for companies in the real estate industry, has provided a €100 million ($110 million) financing package to DLE Logistik Fonds.
The capital will fund a logistics portfolio with existing properties in top locations across Germany, according to Bryan Cave Leighton Paisner (BCLP), an international law firm which advised LBBW on the financing.
The portfolio of logistics properties are almost fully leased.