CBRE Investment Management secures new finance facility for Pan Europe logistics strategy

CBRE Investment Management (CBRE IM) has secured a new finance facility for its Pan Europe Logistics strategy.

The facility will be provided by a syndicate of three banks acting as Mandated Lead Arrangers and consisting of ABN AMRO Bank (ABN AMRO), Crédit Agricole CIB (CACIB) and ING Bank (ING), all three of which are trusted banking partners of the strategy.

The initial €275 million ($302 million) unsecured term loan facility includes an accordion up to €500 million ($549 million). The new facility is structured to become Sustainability Linked in the course of 2023 and will be used to refinance maturing debt and finance new acquisitions, allowing the strategy to grow further and position itself to access multiple debt capital sources.