€100m loan to grow Goodman European logistics

BNP Paribas, ING Bank and RBS have arranged a new €100m revolving credit facility for Goodman European Logistics Fund. GELF will use the five-year finance for general corporate purposes as well as acquisitions. "The new revolving credit facility addes to GELF's financial flexibility, allowing GELF to respond rapidly without the need for property-specific financing arrangements when suitable investment opportunities arise," said fund manager Emmanuel Van der Stichele.