Frankfurt and Amsterdam-listed Eurocastle Investment has refinanced its EUR 175 mln corporate loan facility which is now to mature in its entirity by 30 June 2011. The company said that the interest rate on the loan has increased from 2% to 8% over three-month Euribor and financial covenants have been substantially renegotiated.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
