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Apollo agrees circa £200 million financing for Modal and Centerbridge IOS portfolio

It is one of the largest industrial outdoor storage financings in UK
Modal was set up in 2023. (Getty Images/iStockphoto)
Modal was set up in 2023. (Getty Images/iStockphoto)

Modal, a London-based investment and management firm specialising in industrial outdoor storage assets, and Centerbridge Partners, a global private investment firm, have secured around £200 million in senior financing from Apollo-managed credit funds for their UK IOS portfolio.

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