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Greenberg Traurig advises GARBE Industrial on 380 million Euro refinancing of a logistics portfolio

Greenberg Traurig has advised GARBE Industrial Real Estate GmbH (GARBE) on the refinancing of a logistics portfolio valued at 380 million Euro. The portfolio consists of 29 properties in Germany and the Netherlands with  a total leasable area of approximately 631,000 square meters. It  is part of an overall portfolio that GARBE acquired for a joint venture mandate in 2016. 

The Greenberg Traurig team comprehensively advised the joint venture under German and Dutch law on the structuring, due diligence, and financing negotiations. 
GARBE is one of the leading specialists for industrial real estate in Germany and  Europe. It focuses  on the development, marketing, and management of logistic properties.
Deutsche Pfandbriefbank AG provided the refinancing as consortium lead together with Berlin Hyp AG and Landesbank Hessen-Thüringen Girozentrale. The three banks are among the largest German and European banks with special expertise in real estate financing.

Background: Greenberg Traurig has advised GARBE for several years in the areas of investment law, real estate/M&A and financing. Most recently, the team advised on the re-launch of two pan-European logistics special funds for the purchase of the so-called "Rocket portfolio," jointly with Union Investment.

About Greenberg TraurigGreenberg Traurig, LLP (GT), has approximately 2200 attorneys in 40 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. The firm is net carbon neutral with respect to its office energy usage and Mansfield Rule 3.0 Certified. Web: