Helaba is refinancing a portfolio of three logistics properties in Sweden with SEK 945 million (approx. 111.7 million) for NLP Holding 8 AB, a special purpose entity of the listed Norwegian property company Northern Logistic Property ASA. In this transaction, Helaba has acted as Arranger, Sole Lender and Agent.
The three modern and partly refurbished properties, comprising a total lettable space of around 153,000m², are located in Helsingborg and Malmö and are let on a long-term basis predominantly to ICA Fastigheter AB, a subsidiary of the leading Swedish food retailer ICA.
Northern Logistic Property ASA (NLP) is a leading pure-play logistics property company based in the Nordic region and has been listed on Oslo Børs since 2007. It is the only listed company of its kind in the Nordic region. NLP's portfolio consists of twenty advanced logistics properties in strategic locations relative to major logistics flows, with a total lettable area of 734,000m².
German bank Helaba is headquartered in Frankfurt and Erfurt and at important financial centers worldwide. As a balance sheet lender the bank's business model remained unchanged and provided reliability for its customers all throughout the financial crisis. Real Estate business, a highlighted feature for the bank, is focused on commercial properties in Germany, Europe and the US. Helaba started business in Northern Europe in 2006 and is focused on commercial real estate financing of office, retail and logistics properties mainly in Sweden and Finland for local and international investors.