German real estate lender Pbb has provided an investment facility of SEK 985 mln (€103 mln) to Bråviken Logistik, a new listed property vehicle recently set up by investment bank Pareto Securities.
The loan was provided to support the acquisition of a logistics portfolio with properties located in Norrköping, Nyköping and Jönköping in Sweden.
'The properties create a very strong portfolio in good locations and aim to capitalise on continued occupier demand for well located logistics properties within the Nordics,' commented Norbert Müller, (pictured), Pbb's head of real estate finance Continental Europe West.
The transaction closed in April 2017.
The three properties comprise some 139,000 m2 of lettable area in total and are fully let to the Stadium Group, Nyköping municipality, and Aditro Logistics.
