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Industrial & logistics
The logistics firm will use the proceeds to refinance bank debt that expires in January 2025.
US manager BGO has issued a five-year facility of £64m in one of its ‘high conviction’ logistics markets.
Europe and the Americas are moving at a different pace on sustainability action, says Chris Pyke, chief innovation officer for GRESB.
Otera Capital, a subsidiary of Caisse de dépôt et placement du Québec, has provided the logistics loan in partnership with the bank.
The logistics owner has made £94.3m of disposals in the past year as it aims to reduce the variable rate element of its debt.
The consultant’s newly launched sustainability index finds industrial properties are less impacted by sustainability than offices and retail.
The European Investment Bank has provided the capital for the listed developer to create industrial parks powered by on-site energy.
The manager has provided a loan, understood to be around £80m, to industrial owner Valor.
The financing, from two Dutch and a French bank, will support the growth of the manager’s pan-European logistics platform.
While e-commerce continues to drive demand for industrial and logistics property, the future of the sector is by no means certain.