Industrial property investor eyes expansion with £350m facility | South East real estate news

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A major transport and freight industrial property investor has secured a £350m sustainability-linked senior secured credit facility to enable a ‘new chapter’ of growth.

AIPUT already holds a diversified portfolio of 23 properties across four of the main gateway airport network markets in London and the South East.

The facility agreed with Wells Fargo consists of a split term loan and a revolving credit facility structure, with an initial committed term of five years.

Abrn’s AIPUT will use the agreement to fund its acquisition and renovation program over the next five years. A number of opportunities to accelerate its capital growth and resilience need to be accelerated.

This includes expanding its portfolio of industrial real estate assets into existing and new major entry points with growing populations, consumer spending and high barriers to entry.

AIPUT fund manager, Nick Smith, said: “This strategic credit facility, combined with abrn’s investment expertise and state-of-the-art operating platform, provides us with a wealth of financing options to execute our responsible investment strategy at scale and pace, forming a key pathway for AIPUT. become a zero-carbon company by 2040.

“We are thrilled to align AIPUT’s responsible investment strategy with Wells Fargo at this important time as we execute the next phase of our growth journey and look forward to a very successful partnership.”

Nicola Free, Head of Wells Fargo Commercial Real Estate in EMEA, added, “We are delighted to have entered into this sustainability related financing with AIPUT by acting as lead arranger, underwriter and mandated agent for this installation, which will support AIPUT’s commitment to continue improving its green credentials and focus on improving its EPC rating, achieving BREEAM certification and reducing carbon intensity.”

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