Aareal Bank arranges EUR128 million top-up facility for Lighthouse Properties' Spanish retail portfolio
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EQS-Media / 11.08.2026 / 10:42 CET/CEST
Aareal Bank arranges EUR128 million top-up facility for Lighthouse Properties'
Spanish retail portfolio
Wiesbaden, 11 August 2026 - Aareal Bank AG has successfully arranged a EUR128
million top-up facility for Lighthouse Properties plc to support the
refinancing of its Nexus Portfolio through the addition of two high-quality
malls in Spain.
Lighthouse Properties plc is an international property investment and asset
management company focused on dominant and defensive malls in large Western
European cities with a strong economic underpinning and growth.
The portfolio previously comprised three malls in Cartagena, Girona and
Madrid, with an existing loan of EUR206 million. Following the closing of the
new facility on 9 July 2026, the bank's total exposure to the portfolio now
stands at EUR334 million.
The additional assets are Torrecardenas mall in Almería and Alcalá Magna
mall in Madrid. Torrecardenas, built in 2018 and acquired by Lighthouse
Properties in 2022, comprises 61,238 sqm across a retail park and a
two-level mall. Alcalá Magna, a 32,743 sqm in-town mall in the Madrid
suburb, was refurbished in 2019 and acquired in 2025. Both assets are
anchored by leading international tenants, including Primark, Zara, Leroy
Merlin, and Bershka.
The Nexus Portfolio now comprises five prominent malls across Spain: H2O in
Madrid, Espai Gironès in Girona, Espacio Mediterráneo in Cartagena,
Torrecardenas in Almería and Alcalá Magna in Madrid.
All assets within the Nexus Portfolio are certified BREEAM 'Very Good' or
'Excellent', and the financing qualifies as a 100% Green Loan, underlining
the portfolio's strong ESG credentials and Aareal Bank's continued
commitment to sustainable financing.
"This transaction demonstrates the quality of our partnership with
Lighthouse Properties and our continued confidence in high-quality,
ESG-compliant retail assets in Spain," said Martin Vest, Managing Director
Euro Hub at Aareal Bank. "By expanding the Nexus Portfolio financing, we are
supporting a well-diversified portfolio of prominent retail destinations
with strong tenant demand."
"We are pleased to further expand our relationship with Aareal Bank through
this refinancing," said Dawie Swarts, Chief Financial Officer of Lighthouse
Properties plc. "The facility consolidates our leading Spanish malls under a
single financing platform, enhancing operational and financial flexibility
while reinforcing the strength of our portfolio. The transaction reflects
the quality of our assets, the resilience of our cash flows and our
disciplined approach to capital management."
Aareal Bank acted as arranger, facility agent, and security agent.
Cuatrecasas provided legal advice, and Knight Frank acted as valuation
advisor.
Contacts for the media:
Thomas Rutzki
Phone: +49 611 348 2947
Mobile: +49 170 543 1458
thomas.rutzki@aareal-bank.com
Nadine Klees
Phone: +49 611 348 2488
Mobile: +49 151 633 29175
nadine.klees@aareal-bank.com
About Aareal Bank
Aareal Bank AG, headquartered in Wiesbaden, is a leading international
property specialist. The Bank uses its expertise to identify trends,
challenges and opportunities at an early stage and to exploit them for the
benefit of its stakeholders. It provides financings, banking services and
payments solutions for the property sector and related industries, and is
present across three continents: Europe, North America and Asia. Aareal
Bank's business strategy focuses on sustainable business success, with
environmental, social and governance (ESG) aspects forming an integral part
of this strategy.
Aareal Bank comprises the business segments Structured Property Financing
and Banking & Digital Solutions. The Structured Property Financing segment
contains the property financing and funding activities. Here, the Bank
assists its clients in making large-volume commercial property investments.
The investment properties mostly comprise office buildings, hotels, shopping
centres, logistics and residential property, as well as student apartments.
In the Banking & Digital Solutions segment, Aareal Bank serves the needs of
businesses from the housing, property management and energy industries as a
digitalisation partner - combining extensive advisory services and product
solutions with traditional corporate banking services and deposit-taking.
Ende der Pressemitteilung
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Emittent/Herausgeber: Aareal Bank AG
Schlagwort(e): Immobilien
11.08.2026 CET/CEST Veröffentlichung einer Pressemitteilung, übermittelt
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Originalinhalt anzeigen:
https://eqs-news.com/?origin_id=33d4852d-955c-11f1-8534-027f3c38b923&lang=de
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Sprache: Deutsch
Unternehmen: Aareal Bank AG
Paulinenstr. 15
65189 Wiesbaden
Deutschland
Telefon: +49 (0)611 348 - 0
E-Mail: aareal@aareal-bank.com
Internet: www.aareal-bank.com
ISIN: XS2971584813
WKN: A289M2
Börsen: Freiverkehr in Düsseldorf, Frankfurt, Hamburg,
Hannover, München, Stuttgart, Tradegate BSX; Börse
Luxemburg
LEI Code: EZKODONU5TYHW4PP1R34
EQS News ID: 2380612
Ende der Mitteilung EQS-Media
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2380612 11.08.2026 CET/CEST
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Quelle: dpa-AFX
