10. Juli 2012 
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pbb finances prime logistics property in Daventry for Prologis
pbb Deutsche Pfandbriefbank has provided a GBP 40 million (around €50 mn) senior facility to finance a prime logistics property for Prologis European Properties Fund II. The transaction closed on 15 June 2012. pbb was the arranger, sole lender and hedge provider of this financing transaction.
The property in Daventry is a new, 76,000 m² distribution centre let to Tesco Stores Limited on a 25 year, full repairing and insuring lease, and is regarded as one of the prime logistics properties in the United Kingdom. It forms part of the Daventry International Rail Freight Terminal (DIRFT) which is ideally placed for both road and rail transportation and distribution. At this location, the M42, M1 and M6 major motorways form the logistics “Golden Triangle” and over 98% of the UK population can be accessed within 4 hours truck drive. In addition, DIRFT also enjoys direct rail connection, as one of the earliest post-Channel Tunnel road-rail intermodal terminals.
The property in Daventry is a new, 76,000 m² distribution centre let to Tesco Stores Limited on a 25 year, full repairing and insuring lease, and is regarded as one of the prime logistics properties in the United Kingdom. It forms part of the Daventry International Rail Freight Terminal (DIRFT) which is ideally placed for both road and rail transportation and distribution. At this location, the M42, M1 and M6 major motorways form the logistics “Golden Triangle” and over 98% of the UK population can be accessed within 4 hours truck drive. In addition, DIRFT also enjoys direct rail connection, as one of the earliest post-Channel Tunnel road-rail intermodal terminals.
