Funds affiliated to US investor Apollo Global management have closed a €800 mln debt facility with Germany's Aareal Bank to finance a pan-European portfolio of logistics properties.
The loan has a five-year term and was concluded in less than three months, Aareal Bank said on Wednesday.
‘We are thrilled about Aareal Bank’s ability to provide our funds with a long-term stable facility that supports the desire to grow our platform of logistics properties over the coming years,’ commented Dominik Jais, partner at Apollo.
Christof Winkelmann, a member of Aareal Bank’s management board, added: ‘We are delighted that we were able to provide this complex financing for a cross-border portfolio, together with such renowned partners, within just ten weeks.’
