German lender Aareal Bank has announced the closing of a financing agreement with global investment manager GLP to provide a €400 mln facility for refinancing the purchase of 27 prime logistics properties in the UK, Germany, France, the Netherlands and Belgium. Aareal is acting as arranger and sole lender in the deal.
Empira Group, the €9bn AUM Swiss-based real estate investment company, has raised over $120 mln so far towards a $600 mln (€558 mln) fund target for a US vehicle.
