DGAP-News: Aareal Bank provides € 400 million financing to GLP
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DGAP-News: Aareal Bank AG / Key word(s): Real Estate/Financing Aareal Bank provides € 400 million financing to GLP 12.05.2021 / 12:13 The issuer is solely responsible for the content of this announcement. Aareal Bank provides € 400 million financing to GLP - Re-financing of European logistics portfolio
Wiesbaden, 12 May 2021 - Aareal Bank announces the closing of a financing agreement with global investment manager GLP. Acting as Arranger and Sole Lender, Aareal Bank provides a loan of approx. € 400 million for refinancing the purchase of 27 prime logistics properties in the UK, Germany, France, the Netherlands and Belgium. GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. The group that operates across the Americas, Europe, and Asia has over USD 100 billion in assets under management. The current operating portfolio in Europe consists of more than 4.5 million sqm across the strategic logistic markets, managed via four funds in Europe totalling more than €10 billion in assets under management. It has been a pioneer for sustainability in logistics real estate and run the first warehouse to be certified 'BREAAM Outstanding'. "We are glad to further extend our business relationship with one of the globally leading logistics experts", stated Christof Winkelmann, Member of the Management Board of Aareal Bank. "GLP does not only has an impressive track record in setting standards for investing and operating logistics portfolios to increase value for their investors, it is also setting benchmarks when it comes to social and environmental responsibility." GLP was advised by Kirkland & Ellis. Aareal was advised by Allen & Overy. Additional photographs for editorial use can be downloaded here. About GLP
12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Aareal Bank AG |
Paulinenstr. 15 | |
65189 Wiesbaden | |
Germany | |
Phone: | +49 (0)611 348 - 0 |
Fax: | +49 (0)611 348 - 2332 |
E-mail: | [email protected] |
Internet: | www.aareal-bank.com |
ISIN: | DE0005408116 |
WKN: | 540811 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm |
EQS News ID: | 1195146 |
End of News | DGAP News Service |
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1195146 12.05.2021