AIM-listed warehouse property investor Raven Russia said it has signed a $170 mln (EUR 108 mln) construction and term loan facility agreement with VTB Bank Europe. Raven said the senior debt facility with its Megalogix warehouse joint venture would be used to finance its 200,000 m[sup]2[/sup] Rostov logistics project in southwest Russia.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
