Fund manager AEW announced on Wednesday that it has secured a €150 mln loan to refinance the Italian portfolio owned by the Logistis european property fund.
The loan was granted by lenders Crédit Agricole Corporate and Investment Bank and ING Bank.
The facility is secured by Logistis' Italian assets including a 37,200 m2 logistics facility in Passo Corese, north of Rome, leased to an international pharmaceutical logistics player.
It is the second major loan granted this week, with a collateral of logistics real estate assets in Italy. Europa Risorse sgr, acting on behalf of the ER Logistics Fund 5, this week won a €40 mln green loan from Unicredit to fund the acquisition and development of a 62,200 m2 logistics asset in Torrazza Piemonte near Turin. ER Logistics Fund 5 is fully invested by PineBridge Benson Elliot.
