Tritax EuroBox has secured an extra €125m (£111m) for its revolving credit facility, which now stands at €425m.
Bank of China committed €100m and Banco Sabadell has provided €25m for the industrial REIT’s banking facility.
The loan has a maturity date of October 2023, which can be extended, subject to lender support, by a further two years.
The loan-to-value ratio of the company’s portfolio is now approximately 36% against a medium-term LTV target of 45%, and €235.5m of the facility is currently drawn.
Mehdi Bourassi, finance director at Tritax EuroBox, said: “The increased commitment will provide additional flexible liquidity to pursue investment opportunities in our pipeline and grow our portfolio in line with the company’s investment strategy.”
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