WARSAW-ProLogis European Property Fund II, theexternally-managed European logistics real estate fund set up by USREIT ProLogis in 2007, has raised $98 million in a non-recourseloan from Germany's Eurohypo to re-finance a logistics distributioncenter portfolio in Poland
The loan is secured by more than 14 modern distributionfacilities wholly owned by PEPF II offering a total of 3.2 millionsquare feet in major distribution hubs throughout Poland. Thefacilities are fully leased and benefit from excellent locations,the company said. “We are pleased to have concluded anotherfinancing transaction in Poland and to further strengthen ourrelationship with Eurohypo,” said ProLogis Head of Treasury EuropeChristian Nickels-Teske.
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