Hypo Real Estate Bank International said on Wednesday that it has provided a EUR264 mln loan facility to ProLogis European Properties Fund II to refinance 34 distribution facilities located in Central Europe. In a statement, Hypo RE said it acted as Facility Agent, together with Aareal Bank, Deutsche Postbank and Helaba Landesbank Hessen-Thüringen. The transaction completed on 7 August 2008. The recently developed distribution facilities are located in Poland, Czech Republic, Slovakia and Hungary and comprise more than 700,000 m[sup]2[/sup] let to global customers of Prologis.
Hypo Real Estate Bank International said on Wednesday that it has provided a EUR264 mln loan facility to ProLogis European Properties Fund II to refinance 34 distribution facilities located in Central Europe. In a statement, Hypo RE said it acted as Facility Agent, together with Aareal Bank, Deutsche Postbank and Helaba Landesbank Hessen-Thüringen. The transaction completed on 7 August 2008. The recently developed distribution facilities are located in Poland, Czech Republic, Slovakia and Hungary and comprise more than 700,000 m2 let to global customers of Prologis.
Harin Thaker, member of the Board of Hypo Real Estate Bank International and responsible for Europe, the Middle East and India said: 'This is a significant transaction both in terms of its value and the international stature of our client. It also underlines our commitment to the Central European region and our ability to deliver substantial and complex financing in a relatively short time.'
