Burges Salmon Advises Invesco on €67 Million Loan Financing for Major German Logistics Projects

"Burges Salmon advised the joint venture between Invesco and Propel Industrial on a €67 million loan from Redevco to fund the acquisition and development of two Class A mid-box logistics projects in Germany totalling 63,000 sq m. The assets in Frankfurt and Karlsruhe include EV charging, solar panels and smart building systems."

Burges Salmon acted for the joint venture between investment firm Invesco and Propel Industrial (Propel) in relation to a €67 million loan facility provided by Redevco. The financing will support the acquisition and development of two Class A mid-box logistics projects in Germany totalling approximately 63,000 square metres. The assets are located in Frankfurt and Karlsruhe, situated in the Rhine‑Main and Rhine‑Neckar regions respectively, two of Germany’s established logistics hubs. The developments incorporate sustainability features including electric vehicle charging infrastructure, rooftop solar panels and integrated smart building systems. Burges Salmon represented the joint venture between Invesco and Propel Industrial (Propel) with a team composed by: Rohan Campbell, Partner, Banking and Finance; Chris Herford, Senior Associate. Invesco's in-house team working on the transaction included Alexander Hoffmann.

Burges Salmon Advises Invesco on €67 Million Loan Financing for Major German Logistics Projects

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