K&L Gates Advises Deutsche Pfandbriefbank AG on Two Financing Transactions Totaling €148 Million

Global law firm K&L Gates advised Deutsche Pfandbriefbank AG (pbb) on two financing transactions for Valor Real Estate Partners (Valor). These transactions, totaling €148 million, involved urban logistics portfolios in Paris and Lyon held by Valor. They reinforce K&L Gates’ position as a leading advisor to major international lenders active in the French real estate market.

A publicly traded German bank, pbb specializes in the financing of commercial real estate and public infrastructure across Europe. Recognized for its experience in structured finance, the bank focuses primarily on logistics, office, and residential properties, with a growing emphasis on environmental, social and governance (ESG) criteria.

The first transaction, totaling €113 million, was completed on behalf of the joint venture between Valor and QuadReal Property Group. It involves a portfolio of nine last-mile logistics assets representing approximately 63,400 m², strategically located within key logistics hubs in the Paris and Lyon metropolitan areas. This portfolio, which features a mixed profile combining core, value-add, and development assets, reflects a strong commitment to supporting long-term ESG strategies.

The second transaction, totaling €35 million, was completed on behalf of the joint venture between Valor and RSF Partners. It is backed by a portfolio of two fully leased last-mile logistics assets, representing approximately 30,900 m² in the northern Paris region. These assets, leased under long-term leases to leading tenants, feature energy performance that meets the most stringent environmental standards in the logistics real estate market.

These strategic transactions demonstrate pbb’s ability to structure and execute complex transactions within a highly competitive environment.

The K&L Gates team advised on financing and real estate matters and was led by Paris partner Thomas Ehrecke, with support from Paris office managing partner Denis Charles, counsel Elodie Seddoh, and associate Pauline Ducousso.

“PBB has placed its trust in us for many years, and these two transactions provide further evidence of that. They illustrate the quality of the relationship we strive to maintain with our clients,” said Ehrecke.

“As a firm, we are very pleased to be advising a leading player in the banking sector,” added Charles. “It is a partnership of which we are particularly proud.”