ING supports Gramercy Property Europe with €34.4 m loan

ING has acted as sole lender and hedge counterparty of a €34.4 million loan for Gramercy Property Europe (“GPE”) for the acquisition of an institutional quality XXL distribution centre centrally located in Utrecht Lage Weide, the Netherlands.

GPE is an unlisted real estate fund with approximately EUR 1 billion AuM. GPE focusses on single asset and portfolio net lease acquisitions, sale-leasebacks and build-to-suit transactions, across a broad range of industries and property types including industrial, office, retail and special purpose assets located  in Germany, the Netherlands, the Nordic region, UK and other targeted European countries.