Hamburg Commercial Bank and SaarLB finance logistics development project for Peakside
HAMBURG/GERMANY – Hamburg Commercial Bank (HCOB), together with SaarLB as syndicate
partner, is providing EUR 84.8 million in financing to the European investment manager Peakside
Capital Advisors AG (Peakside) for a logistics development project in Mülheim-Kärlich, Germany.
Construction is scheduled to commence at the end of 2026, with completion expected in spring
2028.
©Peakside Capital Advisors
A modern logistics facility offering approximately 61,000 square metres of lettable space will be
developed on a site of around 107,000 square metres near Koblenz. The property has been
entirely pre-let for 20 years to a major textile services provider and will comprise warehousing, as
well as modern service and office space.
The building is targeting DGNB Gold certification. Plans include, amongst other things, a
photovoltaic system, a green roof, rainwater management facilities, charging infrastructure and
heat pumps. The aim is to achieve the highest possible level of energy self-sufficiency.
Stefan Hoenen, Head of Commercial Real Estate at Hamburg Commercial Bank, said: “This
project will create a modern logistics asset with very good transport links and the benefit of a long
term lease already in place. Together with our syndicate partner SaarLB, we are pleased to
support Peakside in delivering this project with a financing solution tailored to its requirements.”
Boris Schran, Founder and managing partner at Peakside, said: “Hamburg Commercial Bank has
already supported us in several transactions as a reliable and solutions-oriented financing partner.
We are therefore particularly pleased to continue our successful collaboration on this significant
logistics development project. The location stands out for its excellent links to rail, road and inland
waterway transport.”
About Hamburg Commercial Bank
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg that
specialises in tailor-made financing solutions for German and European companies. It also has a strong
position in Germany-focused real estate financing, is an established project financier in Europe, and a
reliable partner for the shipping sector. Efficient and secure payment services, as well as innovative
products for foreign trade complete the range of services. The bank is guided by established ESG
criteria and operates from several locations in Germany as well as in Amsterdam, London, Luxembourg,
and Piraeus. Under the “Hamburg Direct Bank” brand, HCOB offers call money and fixed-term deposits
for private customers. Further information is available at www.hcob-bank.com.
About SaarLB
SaarLB is the Franco-German bank headquartered in the heart of the Franco-German border region,
right in the centre of Saarbrücken. Further offices in Mannheim, Strasbourg, Paris and Lyon ensure the
best possible coverage of our business area. This means we are always close to our customers and their
needs – “Economic foresight through personal contact” has for many years been not only our motto,
but also the guiding principle behind our day-to-day interactions. We have been in existence for more than
80 years and have always focused on the corporate banking, property and project finance sectors, as
well as institutional clients and local authorities/the public sector.
About Peakside
Peakside Capital Advisors AG is a European investment manager. The private-equity company
manages assets worth over EUR 1.7 billion on behalf of institutional investors. Peakside implements
differentiated investment strategies tailored to specific investor needs, ranging from core to value-add,
and opportunistic investments in commercial and residential assets. The company has in total acquired
assets worth EUR 4.8 billion. Peakside’s investment spectrum includes single properties, developments
as well as portfolios, distressed debt and real estate operating companies. The firm employs a team of
more than 45 professionals in its offices in Frankfurt, Zug, Warsaw, Prague, Munich and Luxembourg.
The information contained in this press release does not constitute an offer for the sale of any type of Hamburg Commercial Bank AG securities. Securities of Hamburg Commercial Bank AG may not be sold in the United States without registration pursuant to US securities legislation, unless such a sale takes place on the basis of relevant exceptional provisions.
This press information can contain forward-looking statements. These statements are based on our beliefs and assumptions, on information currently available to us which we consider reliable. Forward-looking statements include all statements which are not historical facts, including information concerning future growth prospects and future economic developments.
Such forward-looking statements are based on assumptions relating to future events and are subject to uncertainties, risks and other factors, a large number we cannot influence. Thus actual events can differ considerably from the forward-looking statements made. We make no warranty for the correctness or completeness of these statements or the actual occurrence of the statements made. Furthermore, we assume no obligation for updating the forward-looking statements after this information has been published.