WARSAW-ProLogis European Property Fund II, the externally-managed European logistics real estate fund set up by US REIT ProLogis in 2007, has raised $98 million in a non-recourse loan from Germany's Eurohypo to re-finance a logistics distribution center portfolio in Poland

The loan is secured by more than 14 modern distribution facilities wholly owned by PEPF II offering a total of 3.2 million square feet in major distribution hubs throughout Poland. The facilities are fully leased and benefit from excellent locations, the company said. “We are pleased to have concluded another financing transaction in Poland and to further strengthen our relationship with Eurohypo,” said ProLogis Head of Treasury Europe Christian Nickels-Teske.            

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