Aareal Bank and Boreal IM Secure €170 Million Logistics Financing

Aareal Bank has finalized a €170 million cross-border loan with Boreal IM, focusing on logistics assets in France and Germany. Spanning 309,000 sqm, the portfolio includes six standing assets and a development plot, acquired in collaboration with Ontario Teachers’ Pension Plan between 2022 and 2024.

The financing highlights Boreal's brown-to-green strategy, with assets targeting a BREEAM certification. Notably, an additional €130 million is earmarked for future investments. Aareal Bank served as sole arranger, facility agent, and security agent for the deal.

Peter Bingel of Boreal IM emphasizes the partnership's importance, noting the alignment with the logistics sector's growth and sustainability focus. The partnership showcases Aareal Bank's role in international commercial real estate financing.