The assets will be built to meet high sustainability standards, targeting EPC A certification0F[1] and DGNB Platinum1F[2], through the provision of electric vehicle charging stations, PV installation, rainwater harvesting mechanics, LED lighting and Smart Metering. The facility is structured as a Green Loan in accordance with the Loan Market Association (LMA) Green Loan Principles2F[3].
Both projects are strategically located in the Rhine-Main and Rhine-Neckar regions, two of Germany’s most established logistics hubs, benefiting from direct motorway access and proximity to Frankfurt airport, Europe’s largest cargo hub.
Richard Craddock, Head of Real Estate Debt at Redevco, commented: “Our real estate debt strategy is building momentum and this second investment underlines the breadth of our sector and geographic coverage whilst continuing our thematic focus on transitional assets. We are delighted to be supporting Invesco & Propel in a sector and market where we have high conviction.” Manolito van Ardenne, CFO at Redevco, added: “This transaction further underlines our strategy of supporting the delivery of best-in-market, future aligned schemes. We look forward to continuing to work with like-minded partners who share our ambition to channel capital into projects that generate long-term value for investors.”
Armen Gevorkian, Managing Partner at Propel, commented: “This facility provides a customised financing solution to help deliver two prime, modern logistics assets in key German markets. Working with Redevco’s debt platform was a natural fit given our shared focus on value creation and sustainability.”
Redevco’s Real Estate Debt platform was established earlier this year to meet growing borrower demand for financing transitional assets and high-performing new builds. The team aims to deploy balance sheet and co-investment partner capital into senior, whole and mezzanine loans across major European markets and asset classes, including acquisition, capex and development financing – typically structured under a Green Loan framework.
This latest transaction follows Redevco’s landmark €56.8 million debut loan investment earlier this year, which marked the platform’s entry into real estate lending. Since then, the team has continued to build momentum, further strengthened by the appointments of Emma Huepfl as Senior Advisor and Rosalind Walker as Senior Associate in April – reinforcing Redevco’s commitment to scaling its credit capabilities across Europe.
[1] EPC certification: Energy Performance Certificates – GOV.UK
[2] DGNB: Assessment and Award – DGNB
[3] Loan Market Association: Green Loan Principles (March 2025)
