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LaSalle announces €150m refinancing of Brookfield European logistics portfolio
Transactions - JUNE 4, 2024

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LaSalle announces €150m refinancing of Brookfield European logistics portfolio

by Released

LaSalle Investment Management, the global real estate investment manager, has provided a loan facility of €150 million ($163 million) through its flagship real estate debt fund, LREDS IV, to refinance a portfolio of 17 big-box logistics assets across Europe owned by Brookfield through its private real estate funds.

Brookfield has partnered with leading development managers Panattoni and Logistik Service to source opportunities, develop and lease the projects. The portfolio includes 17 projects across Sweden, Spain, Germany and Poland, split among six completed projects (five of which are fully let), four in development and seven consented plots. It focuses on class A high-specification logistics assets with a typical BREEAM rating of Very Good or Excellent.

 

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