Aareal Bank structures Sharia-compliant financing of twelve logistics centres in Sweden (DE/SE)

Aareal Bank provides a structured senior debt facility for the financing of twelve distribution and logistics centres located throughout Sweden in an amount of ca. €292 million. The portfolio comprises a net lettable area of more than 350.000 m² in Stockholm, Gothenburg, Malmö and other cities in Sweden, the majority being leased to Swedish Post (Posten AB). It is one of the largest Scandinavian logistics and Sharia-compliant financing transactions within this year.

This is a prime example of Aareal Bank employing its expertise in Shariacompliant finance structuring combined with local market expertise and specific industry know-how to structure adequate finance solutions throughout Europe, commented Christian Nickels-Teske, Director of Logistics Finance, Real Estate Structured Finance of Aareal Bank.

We are delighted to provide our client Kuwait Finance House with a structured Sharia-compliant debt facility in Sweden. Our logistics specialists know-how in combination with the in-depth market knowledge of our Stockholm branch in the Nordic real estate markets and the Sharia-compliant structuring expertise enabled us to provide a highly structured debt facility for Kuwait Finance House, he added.

We are very pleased with the Sharia-compliant financing solution provided to us. Aareal Bank is a valued partner and has been a consistent source of financing for our international real estate investment programme in Europe and beyond, commented Ali O. Alghannam, Head of International Real Estate Department of Kuwait Finance House.

The properties will be managed by Aberdeen property advisors in Stockholm.

Source: Aareal Bank

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