Urban Industrial secures €470m refinancing for core portfolio

Urban Industrial secured a €470 mln refinancing package from Nuveen and ABN for its prime industrial portfolio. 

David Gingell

This transaction represents one of the largest Logistics & Industrial refinancings ever completed in the Netherlands and sets a new benchmark for the Benelux region.
The meticulously structured financing solution combines a shorter-term floating rate loan with longer-term fixed debt. This blend is designed to support Urban Industrial's operational requirements, long-term strategic objectives, and ambitious growth plans. 
By optimizing its group capital, Urban Industrial is now well-positioned for continued expansion, including the development of its flagship Groothandelsmarkt (GHM) facility in Rotterdam.
Cushman & Wakefield advised Urban Industrial on securing the refinancing.
Richard Baltus, managing partner at Urban Industrial, said: “This milestone refinancing highlights the strength of our business. It represents a landmark moment for our platform as we continue to grow and invest in the future of industrial real estate in the core of the Netherlands.”
David Gingell, co-head of EMEA Debt Advisory, Cushman & Wakefield, added: “It’s been a pleasure to advise Urban Industrial, matching its best-in-class industrial platform with the most innovative and leading edge local and international debt capital. Projects like these, delivered on time, demonstrate the strength and depth of Cushman & Wakefield’s Capital Markets platform as we continue to advise clients on their most complex, high-volume financing transactions.”