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Transactions - SEPTEMBER 22, 2022

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abrdn’s AIPUT secures £350m debt financing to deliver transformational industrial property investment program

by Released

abrdn’s Airport Industrial Property Unit Trust (AIPUT) has announced the completion of a new £350 million (€402 million/$395 million) senior secured sustainability-linked credit facility to enable a new chapter of diversified, responsible investment growth. The facility consists of a split term loan and revolving credit facility structure, with an initial committed term of five years.

The new facility will provide AIPUT with quick and flexible access to debt capital, in addition to existing capital sources, to finance its acquisition and renovation program over the next five years. A number of opportunities to accelerate the fund’s capital growth and resilience are to be fast-tracked by expanding its portfolio of high-quality industrial real assets into existing and new major gateway locations with growing local populations, consumer spend and high barriers to entry; each one underpinned by exceptional and quick multi-modal transport connectivity covering both domestic

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