Aareal Bank signs a multi-currency pan-European Master Facility Agreement with AMB Europe Fund I, FCP-FIS, for a financing volume of up to €275 million. AMB Europe Fund I, FCP-FIS, managed by AMB Fund Management S.A.R.L., a subsidiary of AMB Property Corporation®, is a Euro-denominated open-end commingled fund. The fund intends to invest in distribution facilities near high-volume airports, seaports and highway systems, and in the major metropolitan areas of Europe, with current target markets in Belgium, France, Germany, Italy, the Netherlands, Spain, the United Kingdom and Central/Eastern Europe.
Christian Nickels-Teske, Director of Real Estate Structured Finance - Logistics Finance: "Investors require flexible multi-currency cross-border facilities for investments in both the Euro area and also in other Western European countries and CEE to enable the purchase of pan-European portfolios as is the case with AMB Europe Fund I, FCP-FIS. Therefore we are delighted to provide such a structured cross border facility. Due to our pan-European platform and logistic product speciality we are able to provide AMB maximum flexibility in its acquisition process."
"Aareal Bank was an obvious source for debt financing, because of its knowledge and experience in pan-European structuring in combination with its strong branch network and the expertise of its Logistics Finance team", commented Gayle Starr, AMB's Senior Vice President, Capital Markets.
Source: Aareal Bank