Press Information

Aareal Bank signs pan-European multi-currency Master Facility Agreement with AMB Europe Fund I for a financing volume of up to € 275 million

Wiesbaden, 14 August 2007 - Aareal Bank signs a multi-currency pan-European Master Facility Agreement with AMB Europe Fund I, FCP-FIS, for a financing volume of up to € 275 million. AMB Europe Fund I, FCP-FIS, managed by AMB Fund Management S.A.R.L., a subsidiary of AMB Property Corporation®, is a Euro-denominated open-end commingled fund. The fund intends to invest in dis-tribution facilities near high-volume airports, seaports and highway systems, and in the major metropolitan areas of Europe, with current target markets in Bel-gium, France, Germany, Italy, the Netherlands, Spain, the United Kingdom and Central/Eastern Europe.

Christian Nickels-Teske, Director of Real Estate Structured Finance - Logistics Finance: "Investors require flexible multi-currency cross-border facilities for in-vestments in both the Euro area and also in other Western European countries and CEE to enable the purchase of pan-European portfolios as is the case with AMB Europe Fund I, FCP-FIS. Therefore we are delighted to provide such a structured cross border facility. Due to our pan-European platform and logistic product speciality we are able to provide AMB maximum flexibility in its acqui-sition process.”

"Aareal Bank was an obvious source for debt financing, because of its knowledge and experience in pan- European structuring in combination with its strong branch network and the expertise of its Logistics Finance team", com-mented Gayle Starr, AMB’s Senior Vice President, Capital Markets.

 

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