- Re-financing of European logistics portfolio
Wiesbaden, 12 May 2021 – Aareal Bank announces the closing of a financing agreement with global investment manager GLP. Acting as Arranger and Sole Lender, Aareal Bank provides a loan of approx. € 400 million for refinancing the purchase of 27 prime logistics properties in the UK, Germany, France, the Netherlands and Belgium.
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. The group that operates across the Americas, Europe, and Asia has over USD 100 billion in assets under management.
The current operating portfolio in Europe consists of more than 4.5 million sqm across the strategic logistic markets, managed via four funds in Europe totalling more than €10 billion in assets under management. It has been a pioneer for sustainability in logistics real estate and run the first warehouse to be certified ‘BREAAM Outstanding’
“We are glad to further extend our business relationship with one of the globally leading logistics experts”, stated Christof Winkelmann, Member of the Management Board of Aareal Bank. “GLP does not only has an impressive track record in setting standards for investing and operating logistics portfolios to increase value for their investors, it is also setting benchmarks when it comes to social and environmental responsibility.”
GLP was advised by Kirkland & Ellis. Aareal was advised by Allen & Overy.
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