DGAP-News: Aareal Bank AG / Key word(s): Real Estate/Financing
Aareal Bank provides ? 400 million financing to GLP

12.05.2021 / 12:13
The issuer is solely responsible for the content of this announcement.


Aareal Bank provides ? 400 million financing to GLP

- Re-financing of European logistics portfolio

 

Wiesbaden, 12 May 2021 - Aareal Bank announces the closing of a financing agreement with global investment manager GLP. Acting as Arranger and Sole Lender, Aareal Bank provides a loan of approx. ? 400 million for refinancing the purchase of 27 prime logistics properties in the UK, Germany, France, the Netherlands and Belgium.

GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. The group that operates across the Americas, Europe, and Asia has over USD 100 billion in assets under management.

The current operating portfolio in Europe consists of more than 4.5 million sqm across the strategic logistic markets, managed via four funds in Europe totalling more than ?10 billion in assets under management. It has been a pioneer for sustainability in logistics real estate and run the first warehouse to be certified 'BREAAM Outstanding'.

"We are glad to further extend our business relationship with one of the globally leading logistics experts", stated Christof Winkelmann, Member of the Management Board of Aareal Bank. "GLP does not only has an impressive track record in setting standards for investing and operating logistics portfolios to increase value for their investors, it is also setting benchmarks when it comes to social and environmental responsibility."

GLP was advised by Kirkland & Ellis. Aareal was advised by Allen & Overy.

Additional photographs for editorial use can be downloaded here.

Contacts:
Christian Feldbrügge
Phone: +49 611 348 2280
christian.feldbruegge@aareal-bank.com

René Hartmann
Phone: +49 611 348 3438
renepascal.hartmann@aareal-bank.com

About Aareal Bank Group:
Aareal Bank Group, headquartered in Wiesbaden, is a leading international property specialist. It provides smart financings, software products, and digital solutions for the property sector and related industries, and is present across three continents: Europe, North America and Asia/Pacific. Aareal Bank AG, whose shares are included in Deutsche Börse's SDAX index, is the Group's parent entity. It manages the various entities organised in the Group's business segments: Structured Property Financing, Banking & Digital Solutions, and Aareon. The Structured Property Financing segment encompasses all of Aareal Bank Group's property financing and funding activities. Here, the Bank supports its clients in making large-volume commercial property investments. The investment properties mostly comprise office buildings, hotels, shopping centres, logistics and residential property, as well as student apartments. In the Banking & Digital Solutions segment, Aareal Bank Group supports businesses from the housing, property management and energy industries as a digitalisation partner - combining extensive advisory services and product solutions with traditional corporate banking services and deposit-taking. Subsidiary Aareon, a leading provider of ERP software and digital solutions for the European property industry and its partners, forms the third business segment. Aareon offers reliable, pioneering solutions in the fields of consulting, software and services to optimise IT-supported business processes, and to extend business models. The Aareon Smart World digital platform links businesses from the housing industry and related sectors with customers, staff and business partners, as well as connecting technical devices in apartments and buildings.

About GLP
GLP is a leading global investment manager and business builder in logistics, real estate, infrastructure, finance and related technologies. Our combined investing and operating expertise allows us to create value for our customers and investors. We operate across Brazil, China, Europe, India, Japan, the U.S. and Vietnam and have more than US$100 billion of assets under management. Learn more at glp.com/global






 


12.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Germany
Phone: +49 (0)611 348 - 0
Fax: +49 (0)611 348 - 2332
E-mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: DE0005408116
WKN: 540811
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1195146

 
End of News DGAP News Service

1195146  12.05.2021 

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