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.
Hungarian retail real estate manager Shopper Park Plus (SPP) plans to acquire four Tesco-anchored retail parks in Slovakia with a total gross leasable area of 72,146 m2.
