Wiesbaden/London, 15 August 2018 – Certain funds affiliated with Apollo Global Management LLC, (NYSE:APO) (together with its consolidated subsidiaries "Apollo"), and Aareal Bank AG have closed a debt facility of up to €800 million with a five-year term, for the financing of a pan-European portfolio of logistics properties. The tailor-made facility provides stability, security, and flexibility for Apollo’s growing and diverse pan-European logistics portfolio.
"We are thrilled about Aareal Bank’s ability to provide our funds with a long-term stable facility that supports the desire to grow our platform of logistics properties over the coming years. Aareal has been extremely efficient throughout the process", said Dominik Jais, Partner, European Principal Finance at Apollo.
"We are delighted that we were able to provide this complex financing for a cross-border portfolio, together with such renowned partners, within just ten weeks. Aareal Bank has thus substantiated its skills as an international property finance house, with proven expertise in the area of logistics properties", said Christof Winkelmann, member of the Management Board of Aareal Bank.