German lender Aareal Bank has provided a €368 mln financing to a 50/50 joint venture between Belgian developer VGP and Allianz Real Estate for a logistics property portfolio in Germany.
Aareal Bank acted as lender, arranger and agent for the 10-year facility.
The logistics property portfolio includes high-quality, newly build assets in eight locations throughout Germany. The assets 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,' said Christof Winkelmann, managing director special property finance at Aareal Bank.
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22 June 2016
OUTLOOK H2: Germany & European Markets
Union Investment Real Estate GmbH, Valentinskamp 70 / EMPORIO, Hamburg, 20355, Germany
9am-11.30am
The European Outlook series of events continues in Hamburg on Wednesday morning with a look at the key investment trends, both in Germany and continental Europe. How do investors see the activity in the first half of 2016 and what is the likely scenario for the second half of the year. Will we see a bounceback for Europe after the referendum in the UK? What are the strategies best suited for investors at this point in the cycle? Which sectors are likely to outperform?
Benefit from an interactive briefing on the outlook for Germany and main European markets and network with leading investment specialists including the speakers from Union Investment, Catella, DREF, Corestate and AF Advisory.
