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| ProLogis European Properties closes new bank loan ProLogis European Properties, Europe's largest owner of modern distribution facilities, announced that it has completed a new five-year secured bank loan facility for approximately €48 million with Helaba (Landesbank Hessen-Thüringen), a new lender for PEPR. Proceeds from the loan will be split into two tranches, the first for SEK 332.5 million (approximately €32.5 million) and the second for €15.5 million, both of which will be used to refinance outstanding debt. The facility is secured by a portfolio of distribution facilities in Norrkoping, Orebro and Gothenburg, Sweden, the first time PEPR has used its Swedish assets for specific financing, and will mature in October 2014. write your comments about the article :: © 2009 Construction News :: home page |