Valor Real Estate Partners, has completed a €54 million debt facility with Nuveen Real Estate. The 5-year, 65% Loan-to-Cost facility comprises a €33.8 million refinancing tranche and €19.7 million capital expenditure tranche, to support repositioning activity across three assets. It represents the first transaction between the two parties.
The loan is secured against three urban, infill logistics properties, all located in submarkets of Berlin, a market characterised by an acute shortage of high-specification distribution space.
Source: realassets.ipe.com on the 8th of March
https://realassets.ipe.com/news/valor-completes-54m-loan-with-nuveen-secured-against-berlin-logistics-assets/10065493.article