German property bank Aareal Bank has announced that it successfully placed a EUR 500 mln, 3.25 year mortgage bond issue on the capital market. Given the 2.62% coupon, the bond's issue price of 99.71% is equivalent to a spread of 45 basis points above mid-swaps. The transaction was syndicated by DZ BANK and UniCredit (HVB).
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
