German financier pbb Deutsche Pfandbriefbank has provided a SEK 4.3 bn (EUR 495 mln) facility to 43 subsidiaries of Swedish listed real estate company Sagax.
German financier pbb Deutsche Pfandbriefbank has provided a SEK 4.3 bn (EUR 495 mln) facility to 43 subsidiaries of Swedish listed real estate company Sagax.
The agreement extends an existing pbb facility for two industrial and warehouse portfolios. The two portfolios comprise 94 properties in Sweden and Finland. The majority are located in the greater Stockholm and Helsinki metropolitan areas.
Norbert Müller, head of REF Continental Europe West at the German lender, said: 'For pbb Deutsche Pfandbriefbank the Scandinavian market offers great opportunities. Sagax and Pbb successfully continue their long-standing relationship established in 2003.'
