Aareal grants EUR 130m loan to Prologis European Prop Fund II

German lender Aareal Bank has provided a EUR 130 mln debt package to finance a portfolio of 17 modern logistics properties in Germany for ProLogis European Properties Fund II (PEPF II).

Aareal Bank acted as lead arranger, hedge provider and senior lender.

The portfolio comprises a total of 400,000 m² of modern distribution space in locations across Germany, including Munich, Hamburg and the Ruhr region.

ProLogis European Properties Fund II is a major European logistics fund, owning 215 prime logistics properties in 12 European countries, with rentable space close to 5 million m² and a total market value of EUR 3 bn.