Hypo Real Estate Bank International said on Thursday it had completed the financing for property fund manager Cordea Savills' EUR 41 mln purchase of a retail park in Sweden. The bank said the funds were used to finance the purchase of the operating company that owns the Solbacken Retail Park in Skelleftea, northern Sweden. The transaction was completed on 22 May.

Hypo Real Estate Bank International said on Thursday it had completed the financing for property fund manager Cordea Savills' EUR 41 mln purchase of a retail park in Sweden. The bank said the funds were used to finance the purchase of the operating company that owns the Solbacken Retail Park in Skelleftea, northern Sweden. The transaction was completed on 22 May.

Solbacken is a 22,000 m2 retail warehouse park with a further 6,000 m2 due to be completed in late 2007.