CBRE Global Investors has signed a multi-currency facility of SEK 1.9 bn and €176 mln with lenders Nordea Bank and pbb Deutsche Pfandbriefbank to refinance all banking facilities in CBRE Nordic Property Fund (NPF).
CBRE Global Investors has signed a multi-currency facility of SEK 1.9 bn and €176 mln with lenders Nordea Bank and pbb Deutsche Pfandbriefbank to refinance all banking facilities in CBRE Nordic Property Fund (NPF).
The term is five years and the facility refinances all external loans of the fund. It is secured by a real estate portfolio consisting of 20 properties primarily located in the Greater Stockholm and the Helsinki Metropolitan Areas.
The portfolio is evenly divided across the retail (59%), logistics (22%) and office (19%) sectors, covering some 474,000 m2.
Cederquist and Krogerus advised CBRE Global Investors and Vinge and Borenius advised the banks.
