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18 October 2017
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Ærium secures €186m refinancing for Turkish retail portfolio

11 May 10 - RE+D Magazine
Ærium secures €186m refinancing for Turkish retail portfolio

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17 October 17 Credit Suisse Asset Management Legal & General capital
30 August 17 GLP J-REIT Global Logicis Properties

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Antulio Richetta

Director IBI Group

Ærium, a European real estate fund manager, has announced the refinancing of its Turkish retail portfolio, Bainbridge Capital Retail Properties through a $240 mln (€186 mln) debt facility with Akbank. Describing the transaction as the first sizeable refinancing in Turkey since the onslaught of the global economic crisis, Ærium said it had now secured capital for extension and redevelopment works on its Turkish shopping centres.

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