New deal supports refinancing of a large, high-quality industrial and logistics platform across key European markets
New York, 29 January 2026 – Apollo has completed an approximately €900 million senior secured financing for a major pan-European logistics and industrial real estate portfolio, strengthening its position as one of the most active non-bank real estate lenders in Europe.
The financing was provided by Apollo-managed funds and supports a portfolio owned by a joint venture between an affiliate of Cerberus Capital Management and Arrow Capital Partners. The transaction is structured across three senior loan facilities and will mainly be used to refinance existing debt tied to the Strategic Industrial Real Estate, or SIRE, platform.
In simple terms, the deal helps replace older loans with new long-term financing for a large group of logistics and industrial buildings spread across Europe. The portfolio includes 92 modern, institutional-grade properties covering more than one million square meters of space. These assets are located in some of Europe’s most important distribution hubs, including the UK, Germany, the Netherlands, Spain, Ireland, and Poland.
The buildings are used for urban logistics and mid-sized industrial operations and are leased to a wide range of tenants. Many of these tenants are well-established, investment-grade companies with long-term leases, providing stable income and reducing risk for investors.
According to Apollo, demand for logistics and industrial space remains strong across Europe, driven by e-commerce growth, supply chain restructuring, and the need for facilities closer to major cities. This has made the sector more resilient compared to other parts of the real estate market.
Ben Eppley, Partner and Head of Real Estate Credit, Europe at Apollo, said the financing was designed as a tailored, single-lender solution that offers certainty and scale. He noted that high-quality logistics assets continue to attract strong interest from sponsors seeking flexible and reliable capital.
Cerberus also highlighted the refinancing as a recognition of the value created through the SIRE platform. Julio Dominguez, Head of European Financings at Cerberus, said the deal supports the firm’s long-term strategy to grow and strengthen its logistics and industrial footprint across Europe.
The transaction adds to Apollo’s growing list of European real estate credit investments. Recent deals include financing for UK student housing portfolios and funding for Shinfield Studios, a large film and television production complex in the United Kingdom.
Legal advisors on the deal included Gibson Dunn and Greenberg Traurig for the Apollo funds, while Eastdil advised Cerberus, and Linklaters served as legal counsel to Cerberus.
As logistics and industrial real estate continue to play a critical role in Europe’s economic infrastructure, large-scale financings like this highlight the sector’s ongoing appeal to global investors seeking stable, long-term returns.
