LONDON (ShareCast) - The sum will be used to support the JV's acquisition of €472m of prime logistics assets in Germany, Poland and France, which it completed in June.



The newly outstanding debt provides a weighted average loan to value ratio of around 39% on the portfolio acquisition value and is structured as fixed rate loans, with a weighted average blended margin of 1.6% and a weighted average blended total cost of 2.2% per annum over the life of the facilities.



Segro group finance director Justin Read said: "We are very pleased to have had the opportunity to work with the existing SELP lending banks to put in place such cost effective debt funding for our recent portfolio acquisition.



"These financings are consistent with SELP's funding objective to enhance returns through low cost debt whilst maintaining a moderate level of financial leverage."



Segro shares had risen 0.24% to 371.90p by 12:47.



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