Wiesbaden, 21 June 2016 – Aareal Bank AG provided a € 368 million financing for a logistics property portfolio in Germany. The borrowers are subsidiaries of a 50/50 Joint Venture between Belgian logistics properties developer VGP NV and Allianz Real Estate. Aareal Bank acted as lender, arranger and agent for the ten-year financing.
The logistics property portfolio includes modern and high-quality, newly build assets with excellent connectivity to the traffic infrastructure. All buildings are sited in a total of eight locations throughout Germany and are fully-let.
"This complex transaction for which Aareal Bank has acted as single underwriter is one of the largest logistics property portfolio financings in Germany in 2016 so far. With this transaction, Aareal Bank again underlines its expertise as a financing partner for the logistics sector", explains Christof Winkelmann, Managing Director Special Property Finance at Aareal Bank.
