AEW Europe has refinanced the French portfolio of its Logistis fund with ING Real Estate Finance acting as sole underwriter and facility agent, for a total amount of €420 mln.
AEW Europe has refinanced the French portfolio of its Logistis fund with ING Real Estate Finance acting as sole underwriter and facility agent, for a total amount of €420 mln.
The refinanced portfolio, which includes the Corridor assets acquired from GLL in December 2015, comprises 55 multi-tenant logistics assets totaling 1.6 million m2, in prime logistics locations around Paris, Marseille, Lille, Le Havre, Lyon and Toulouse.
AEW Europe will use the funding to support the expansion of Logistis across Europe, through the further acquisition of existing assets and development opportunities.
AEW Europe was one of the first real estate investment managers to offer a specialist logistics fund in 1999 and has since expanded the Logistis portfolio with assets in France, Italy, Spain, Benelux, Germany and Central Europe.
Clifford Chance and Monassier were advisors to the fund, while De Pardieu Brocas Maffei and Wargny Katz acted for ING.
