German lender pbb Deutsche Pfandbriefbank said on Thursday it has provided a SEK 550 mln (EUR 65 mln) facility to subsidiaries of Hyresbostäder i Sverige II, ultimately owned by Boligutleie Holding II. Both entities are managed by ABG Sundal Collier Real Estate, Obligo Investment Management and Graflunds Byggnads.
German lender pbb Deutsche Pfandbriefbank said on Thursday it has provided a SEK 550 mln (EUR 65 mln) facility to subsidiaries of Hyresbostäder i Sverige II, ultimately owned by Boligutleie Holding II. Both entities are managed by ABG Sundal Collier Real Estate, Obligo Investment Management and Graflunds Byggnads.
The facility will be used to refinance two residential portfolios in Sweden. They comprise around 2,000 apartments which are located in the greater Stockholm and Gothenburg region. The transaction was closed on 28 September 2012.
Norbert Müller, head of REF Continental Europe West, noted that this is the second financing in Sweden since the opening of pbb Deutsche Pfandbriefbank's Stockholm branch in mid-September. 'This demonstrates pbb Deutsche Pfandbriefbank’s commitment to the Swedish and Nordic real estate market,' he added.
