Aareal Bank AG has provided a five-year financing of approximately EUR 240 million for a pan-European logistics network. The portfolio comprises a total of three logistics buildings located in Spain, France and UK. The new buildings were constructed as state-of-the-art logistics platforms with comprehensive digital functionality.
“We are pleased about the trust Knight Frank Investment Management (KFIM)has put in us. This exposure underlines our expertise in financing complex cross-border pan-European logistics portfolios. And it especially proves our ability to implement technological trends – together with our clients”, says Christof Winkelmann, member of Aareal Bank’s Management Board.
Ric Crane, Partner of Knight Frank Investment Management: “We are delighted to have worked with Aareal on this complex EUR 400 million sale and leaseback portfolio acquisition on behalf of South Korean investors. KFIM now manages 13 assets for a range of South Korean investors totalling over EUR 1.7 billion”.
Source : Aareal Bank Group