German financier bank Helaba has arranged a €74 mln long-term loan for a real estate fund managed by NREP to finance a mixed-use portfolio in southern Finland.
The facility finances three retail objects, two logistics, and one office property, comprising approx. 59,500m2 of lettable space. The properties are let on a long-term basis, anchored by a number of Nordic companies.
The portfolio includes most of the Finnish assets in NREP Nordic Strategies Fund, a multi-strategy real estate fund with investments currently totalling €1 bn gross asset value. NREP is one of the main real estate investment management firms based in the Nordic region.
Helaba said that the transaction highlighted its commitment to the Scandinavian and Finnish markets, which will be further underscored by the bank opening of a representative office in Stockholm in mid-2016.
