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    ARL   DE0005408116

AAREAL BANK AG

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Aareal Bank : provides € 400 million financing to GLP

05/12/2021 | 06:22am EDT
Aareal Bank provides € 400 million financing to GLP

Aareal Bank announces the closing of a financing agreement with global investment manager 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.

Disclaimer

Aareal Bank AG published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:21:01 UTC.


© Publicnow 2021
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Financials
Sales 2021 824 M 977 M 977 M
Net income 2021 72,6 M 86,1 M 86,1 M
Net Debt 2021 - - -
P/E ratio 2021 16,5x
Yield 2021 5,16%
Capitalization 1 226 M 1 453 M 1 454 M
Capi. / Sales 2021 1,49x
Capi. / Sales 2022 1,40x
Nbr of Employees 3 010
Free-Float 100,0%
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Average target price 24,38 €
Last Close Price 20,48 €
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NameTitle
Hermann Josef Merkens Chairman-Management Board
Marc Oliver Heß CFO, Head-Treasury, Finance & Controlling
Marija G. Korsch Chairman-Supervisory Board
Holger Spielberg Group Technology Officer
Richard Peters Vice Chairman-Supervisory Board
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