Invesco Real Estate secured €1bn in 10-year loan facility from Aareal Bank for its pan-European acquisition campaign. “The bespoke arranged facility will allow IRE both the stability and security of locking in low interest rates for a 10-year term,” said Andy Rofe, Invesco Real Estate’s managing director for Europe. Around €610m has been drawn down by Invesco Real Estate from the facility, which Aareal Bank can syndicate.
As reported by CIJ over the summer, the company has toned up its ambitions for growth on the Polish market, having acquired one of Warsaw’s landmark office tower, Q22, at aggressive yield of 5.35 percent while securing a plot for Amazon’s next big-box facility to be developed in Poland, near Szczecin, in the town of Kołbaskowo.
