on Aareal Bank AG (isin : DE0005408116)
Aareal Bank Funds £290 Million Retail Transaction in UK
Aareal Bank has provided a £290 million senior loan to Redevco for the acquisition of 16 retail warehouses in the UK. This transaction is one of the largest in the UK retail property market in 2024. The deal marks Aareal Bank’s first collaboration with Redevco, a company under COFRA Holding AG.
The acquired properties are located in key urban areas of southern England, with tenant lineups including prominent food retailers, which enhances the portfolio's resilience against e-commerce challenges. Redevco's acquisition from Oxford Properties and M7 Real Estate aligns with its strategy to strengthen its UK portfolio.
Aareal Bank acted as the arranger and facility agent for this transaction, while Eastdil Secured advised financially. Legal support was provided by Pinsent Masons and CMS, with Knight Frank offering valuation services.
R. H.
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