Westdeutschen ImmobilienBank AG announced today it has completed a €100 million structured financing

WestImmo provided a five-year €100 million loan, maturing in August 2014, with a 55% loan-to-value that is secured by a portfolio of 14 German and UK prime distribution facilities.

“We are pleased to have concluded another cross-border facility and to expand our relationship with Westdeutsche ImmobilienBank AG, a reliable partner for ProLogis in Europe and Japan,” said Christian Nickels-Teske, Head of Treasury Europe at ProLogis. “This financing also demonstrates our continued ability to access the capital markets.”

Heribert Eisenburger, Managing Director at Westdeutsche ImmobilienBank AG, added: “ProLogis has proved itself to be a professional partner with the ability to complete transactions quickly and effectively. The excellent quality and locations of these distribution facilities add up to an attractive financing opportunity for us.”