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Apollo-Rida secures €650m six-bank senior and €55m ADIA-led junior ticket

Apollo-Rida, a joint venture between AREA Property Partners and Rida Development Corporation, and AXA Real Estate Investment Managers (REIM) have refinanced their joint venture 28-strong shopping centre, retail park and hypermarket portfolio in Poland with €650m in senior debt from six banks and a €55m junior loan.
By James Wallace
April 30, 2013 | 3:21 P.M.

Aareal Bank has led the five-year term refinancing of the “Metro Apollo RIDA” portfolio, providing 250m, followed by Helaba and Deutsche Pfandbriefbank (PBB), which each provided 100m.

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