Hypo Real Estate Bank International and Aareal Bank AG have jointly underwritten a circa SEK 2.16 billion (circa 229 million) senior acquisition financing for the Keops Group in connection with its acquisition of a mixed office / retail and residential portfolio in Sweden. The transaction closed on 6th July 2005.
The portfolio consists of 44 multi-let properties comprising some 309,167 sq.m of space, hosting some 385 tenants. The properties are well located in larger cities such as Uppsala, Södertälje, Västerås, Sundsvall, Umeå and Luleå.
Commenting, Harin Thaker, CEO of Hypo Real Estate Bank's European business platform, said: "I am happy to announce another large structured acquisition facility in the Scandinavian property markets to a key international client."
Dr. Ralph Hill, member of the Management Board of Aareal Bank commented: "Scandinavia is one of our core markets. It is characterised by high liquidity and transparency regarding portfolio transactions and large single transactions, which makes this region especially interesting for us."
Source: Hypo Real Estate Bank International / Aareal Bank