Pbb's new Stockholm office closes first financing

By A staff reporter 2012-09-18T00:00:00+01:00

Pbb Deutsche Pfandbriefbank announced that its new Scandinavia office in Stockholm has closed its first transaction. The German real estate and public finance specialist provided a SEK 464 mln (EUR 56 mln) loan to a subsidiary of Norwegian property company NLI Eiendomsinvest to refinance a Swedish logistics portfolio.

Pbb Deutsche Pfandbriefbank announced that its new Scandinavia office in Stockholm has closed its first transaction. The German real estate and public finance specialist provided a SEK 464 mln (EUR 56 mln) loan to a subsidiary of Norwegian property company NLI Eiendomsinvest to refinance a Swedish logistics portfolio.

The portfolio comprises a total of 126,200 m². The assets are situated in various locations in southern Sweden, including Malmö, Västerås and Lidköping.

The Stockholm office, led by Anders Tägt, will initially focus on Sweden and Finland.

Deutsche Pfandbriefbank was last active in Scandinavia, through its predecessors, from 2001 to 2009. It had a loan portfolio of EUR 1.6 bn in the region by end-June 2012.