Apollo-managed funds have completed a €900 million refinancing deal for a logistics and industrial portfolio owned by Cerberus and Arrow, poised to optimize capital structure and take advantage of strong demand in the European market.

Information on the Target

Apollo-managed funds have successfully completed a refinancing arrangement of approximately €900 million for a pan-European logistics and industrial portfolio. This portfolio is owned by a joint venture between Cerberus Capital Management, a prominent global alternative investment manager, and Arrow Capital Partners, known for its specialized investment strategies in real estate across Europe and the Asia-Pacific region.

The financing arrangement is distributed across three senior loan facilities and aims primarily to refinance the existing debts of the Strategic Industrial Real Estate (SIRE) platform, a collaboration between Cerberus and Arrow. The portfolio encompasses 92 institutional-grade assets with over one million square meters of urban and mid-box logistics and industrial space. Situated in strategic distribution corridors throughout high-demand regions in the UK, Germany, the Netherlands, Spain, Ireland, and Poland, the portfolio is underpinned by a diverse tenancy base comprised of long-term, investment-grade occupants.

Industry Overview in the Target's Specific Country

The European logistics and industrial sector has been exhibiting robust growth, buoyed by increasing demand for warehouse space and supply chain optimization driven by e-commerce. Countries like Germany and the UK lead th