German lender Pbb Deutsche Pfandbriefbank has provided a SEK 310 mln (€35 mln) financing to Fastighets Linrepan for a portfolio of Swedish residential assets.
German lender Pbb Deutsche Pfandbriefbank has provided a SEK 310 mln (€35 mln) financing to Fastighets Linrepan for a portfolio of Swedish residential assets.
The transaction closed in June 2014. Fastighets Linrepan is a wholly-owned subsidiary of Hyresbostäder i Sverige II, managed by Obligo Investment Management.
The funding was extended for a portfolio consisting of eight residential let schemes located in the university city of Uppsala. The 71,383 m2 portfolio includes over 40 buildings containing some 940 apartments and 30 smaller commercial units.
'This is our third deal with Hyresbostäder i Sverige II AB. The funding of high-quality residential portfolios continues to be a very attractive sector for pbb,' commented Norbert Müller, head of Real Estate Finance Continental Europe West at pbb.
