Aareal Bank AG’s Post

Setting a benchmark: One of the largest retail deals in the UK market We are delighted to announce our £290 million senior loan to Redevco, a leading European retail investor for the acquisition of a prime retail portfolio comprising of 16 warehouses across the UK. This significant transaction represents one of the largest retail property deals in the UK market in 2024 and marks our first engagement with Redevco. Retail warehouses are increasingly seen as a resilient and high-performing asset type in the market, blending physical retail with e-commerce logistics, like click-and-collect to meet consumer demand for convenience. Strategically located in core urban centres, primarily in southern England, the portfolio features a diversified tenant lineup of both national and international retailers. Prominent food retailers anchor a substantial part of in-place rent, ensuring stability and resistance to market challenges, including the rise of e-commerce. Redevco acquired the properties from Oxford Properties Group and M7 Real Estate Ltd Estate, aiming to strengthen its portfolio in resilient retail segments and capitalise on future growth opportunities in the retail sector. Aareal Bank AG acted as the arranger, facility agent, and security agent for this transaction. A heartfelt thank you to all parties involved: Pinsent Masons Knight Frank Eastdil Secured Redevco Severin Schoettmer Elke Wolf-Pileggi Erik Schultz Please read the full transaction announcement here: https://lnkd.in/ebTK9Y8x #Aareal #CommercialRealEstate #Retail #Warehouses #RetailResilience #InvestmentOpportunities #PrimeRetailDeals #UK

Almudena Fernandez Garcia

Senior Legal Counsel - Abogada en Aareal Bank

3w

¡Enhorabuena!

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