Merlin Logistica SL and Merlin Logistica II SL, 100-percent owned by Spain’s largest listed Socimi (REIT) Merlin Properties Socimi SA., have secured a €67.9m facility from ING Real Estate Finance. The 5-year loan will be used to refinance a logistics portfolio that’s made up of seven logistic assets, all of which were acquired with equity, totaling more than 211,000 sqm of lettable space. ING brokered the deal.
