Crossbay, the first pan-European logistics platform to focus on single-tenant distribution centres, has agreed a €400m debt facility with global investment bank Citi to help fund its continued growth and expansion across Europe.
The facility includes €180m in Day-1 commitments covering Crossbay’s near-term and advanced pipeline, which includes assets in the Benelux region, Germany, Spain, and France. Crossbay will also have access to a €220m debt accordion to support future acquisitions. JLL and Baker & McKenzie advised MARK. Allen & Overy advised Citi.