Australian logistics specialist Goodman has refinanced a portfolio of property in Germany and Poland with a €300m loan from Wiesbaden-based Aareal bank.
The portfolio of 34 properties – 27 of which are in Germany and seven in Poland – has a total area of more than 1m m2 and belongs to the Goodman European Logistics Fund.
“The logistics sector is closely tied to the development of global trade flows and hence strongly benefits from globalisation. Strategic logistics hubs remain attractive in the long term,” said Christof Winkelmann, Aareal Bank managing director, special property finance.
