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Financing of Project Garnet – a cross-border portfolio of 26 prime logistics properties
Aareal Bank closed a financing agreement with global investment manager GLP in the amount of EUR 586 million for the refinancing and acquisition financing of 26 prime logistics properties in France, Germany, the Netherlands, and United Kingdom. Acting as Arranger, Facility and Security Agent, Aareal Bank has subsequently syndicated 50 percent of the financing to a leading European insurance company.
Logistics
Arranger and Lender
EUR 586,000,000
Germany, France, the Netherlands, and the United Kingdom
“We are pleased to announce another transaction with GLP, one of the leading global logistics experts. In the current market environment, senior commercial real estate loans secured by first-class properties real estate continue to be an attractive instrument for institutional investors and we are pleased to be able to serve our clients' investment needs with such prime borrowers.”
Klaus Severin Schöttmer
Managing Director, Special Property Finance at Aareal Bank
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