6th Mar 2019 13:25
LONDON (Alliance News) - Aberdeen Standard European Logistics Income PLC on Wednesday said it has secured a new financing agreement with a German bank.
Aberdeen Standard has signed the EUR17.8 million facility with DZ HYP AG, secured over German assets at Erlensee. It has a 10-year term with interest of 1.62% per year.
A EUR12.4 million facility has been secured with the same bank for its Florsheim assets, for seven years at 1.539% per year.
The real estate investor also announced the completion of a property in Erlensee for EUR33.3 million. The site was completed last September, with tenants including packaging DS Smith PLC and caterer Compass Group PLC.
Its EUR24.5 million Krakow logistics warehouse buy, announced February, has also been completed.
Shares were 0.7% lower Wednesday at 98.80 pence each.
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