Industrial real estate investor eyes expansion with £350m facility | South East Property News

A specialist investor in major transport and freight-related industrial real estate has completed a £350m senior secured sustainability-linked credit facility to enable a “new chapter” of growth.

AIPUT already holds a diverse portfolio of 23 properties at four of the major gateway airport network markets in London and the South East.

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

Abrdn’s AIPUT will use the agreement to finance its acquisition and renovation program over the next five years. A number of opportunities to accelerate its capital growth and resilience are to be fast-tracked.

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

AIPUT fund manager Nick Smith said: “This strategic credit facility, combined with abrdn’s market-leading investment expertise and 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 to become a net zero carbon business by 2040.

“We are delighted to be aligning 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 highly successful partnership.”

Nicola Free, head of Wells Fargo commercial real estate in EMEA, added: “We are delighted to have completed this sustainability linked financing with AIPUT by acting as the mandated lead arranger, underwriter and agent for this facility, which will support AIPUT’s commitment to further improve its green credentials and focus on improving its EPC rating, achieve BREEAM certification and reduce carbon intensity.”

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