Eurohypo has provided a £220 mln (EUR 322 mln) facility to support the acquisition by Rockpoint of a 371,612 m[sup]2[/sup] warehouse portfolio previously owned by Gladman Developments. Eurohypo is the sole mandated arranger, agent and underwriter for the debt facility, Eurohypo said in a statement.

Eurohypo has provided a £220 mln (EUR 322 mln) facility to support the acquisition by Rockpoint of a 371,612 m2 warehouse portfolio previously owned by Gladman Developments. Eurohypo is the sole mandated arranger, agent and underwriter for the debt facility, Eurohypo said in a statement.

The commercial real estate bank, traditionally a substantial funder of assets in the retail and office sectors, has a growing exposure to industrial assets. Over the last 12 months, it has underwritten over £1 bn in the sector through its London office with financing assets varying from 46, 451 sheds to 464 m2 industrial units.

Michael Acratopulo, managing director of Eurohypo, commented: 'Rockpoint is fast becoming an extremely active investor in the UK and we are delighted to be its funding partner on this transaction. Notwithstanding the complexity of a part-complete/part-undeveloped portfolio, our property driven approach and mezzanine funding skills allowed us to deliver the leverage Rockpoint was seeking across the whole portfolio.'