LaSalle Investment Management’s fourth European real estate debt fund has provided a €150m loan facility to refinance a portfolio European logistics assets owned by Brookfield.

The manager’s LaSalle Real Estate Debt Strategies IV is refinancing the portfolio of 17 big-box logistics assets owned by Brookfield funds.

Brookfield has formed a partnership with development managers Panattoni and Logistik Service. The venture will focus on identifying potential projects, development activities, and leasing agreements across Sweden, Spain, Germany and Poland.

The project portfolio encompasses six completed projects, four projects currently under development, and seven plots with development approval.

David White, the head of LaSalle Real Estate Debt Strategies, said: “Working with a best-in-class sponsor in Brookfield and two top-tier development managers in Panattoni and Logistik Service means our facility is secured against some of the highest-quality assets and projects available in the European logistics market.

“Our team works to provide bespoke solutions to our borrower’s needs, and we are pleased to support such a high-quality logistics portfolio.”

Rohit Srivastava, managing director at Brookfield’s real estate unit, said: “We are pleased to work with LaSalle to complete this refinancing, which will support the continued growth of our portfolio of big-box logistics assets. The team were able to provide a bespoke financing package that addressed our requirements.”

To read the latest IPE Real Assets magazine click here.