International law firm Bird & Bird has advised Deutsche Pfandbriefbank AG (pbb) on the development financing of a warehouse in Kirchlengern, Germany for US real estate company Hillwood.
pbb is a leading European specialist bank for commercial real estate financing. The loan amount is approximately EUR 35,000,000.
Hillwood is one of the world's leading companies in the commercial property sector with 30 years of investment experience in Europe and North America and has a special focus on the development and management of industrial buildings.
The site will have a warehouse space of 33,839 sqm and a total available rental space of 38,614 sqm and is connected to the motorway network (A30). Kirchlengern is a municipality in the district of Herford, in North Rhine-Westphalia, Germany. With more than 18 million inhabitants, North Rhine-Westphalia is the most populous state in Germany. Completion is planned for Q1 2026.
pbb was advised by the following Bird & Bird lawyers: partner Sebastian Bergenthal, LL.M. (lead) and associates Jonathan Stoldt and Simon Schulz (all Finance & Financial Regulation, Frankfurt).