GLP secures €300m development and term facility

Warehouse shelves

Logistics facilities provider GLP has secured a 7-year, €300m (£258m) pan-European development and term facility from RBC Real Estate Capital Partners (RECP) for its European fund.

The new facility will initially be secured against 12 properties located in the UK, Germany and France. The bespoke loan may be upsized with additional developments in the fund’s pipeline.

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