Aareal Bank has provided a €400 million loan to GLP for refinancing the purchase of 27 prime logistics properties in the UK, Germany, France, the Netherlands and Belgium.
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’
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“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,” he added.
GLP was advised by Kirkland & Ellis. Aareal was advised by Allen & Overy.