German property investor IVG Immobilien has secured EUR 1.35 bn in syndicated loans, replacing its current facilities of EUR 750 mln. IVG said the new seven-year facility is equally split between a term loan and a revolving credit facility. They replace IVG's EUR 750 mln syndicated facilities signed in July 2005, as well as bilateral credit lines.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
