German lender Aareal Bank has provided a loan of EUR 300 mln to refinance a logistics property portfolio owned by the Goodman European Logistics Fund (GELF). The portfolio comprises 34 properties in Germany and Poland with a total lettable area of over one million m2.

Of the 34 properties, 27 are in Germany and 7 in Poland. They are all fully-let and feature high quality standards. Additionally, they all benefit from strategic and diversified locations within the countries and are let to top-class tenants.

Goodman Group is listed on the Australian Securities Exchange, ASX, and is one of the biggest owners, managers and developers of logistics properties in the world.

Aareal Bank acted as lead arranger and senior lender.