Clifford Chance advised Aareal Bank AG, Wiesbaden/Germany, as Lead Arranger and Senior Lender on the €300m secured refinancing of a logistics property portfolio, comprising properties throughout Germany and Poland.

The properties with a total lettable area of over one million square metres are owned by Goodman European Logistics Fund (GELF), belonging to Goodman Group, one of the biggest owners, managers and developers of logistics properties in the world.

The Clifford Chance lead team jointly led by partners Loren Richards (Banking & Capital Markets) and Dr. Christian Keilich (Real Estate) comprised partner Tobias Schulten, senior associates Rafael Lamlé and Michael Brill, associate Tanja Gropp (all Banking & Capital Markets), senior associate Markus Böhn and associate Holger Pollmann (both Real Estate) – all Frankfurt.

Loren Richards and Christian Keilich commented that this was a complex portfolio and a complex structure in a volatile market and that the successful closing is a testament to all involved – especially the Aareal and Goodman in-house teams. The Firm’s appointment demonstrates the market’s trust in the Firm’s ability to deliver joined-up solutions across products and geographies in challenging circumstances.