Hypo Real Estate Bank International AG, a member of Hypo Real Estate Group, has announced that it has provided an investment and capital expenditure facility to Carlyle European Real Estate Partners. The transaction completed on 28 August 2007.
The facility has been provided to Carlyle European Real Estate Partners to acquire five freehold properties in Stockholm, Sweden and their subsequent refurbishment over the next five years.
Commenting, Harin Thaker, CEO Europe Hypo Real Estate Bank International AG, said, "The Carlyle Group is a key client for Hypo Real Estate Bank International across Europe. We are delighted to be working with them again to provide the right facility for Carlyle European Real Estate Partners to complete this transaction in Sweden."
Commenting, Thomas Lindstrom, Managing Director, The Carlyle Group, added, "We are very excited about our latest investments in Stockholm. We expect redevelopments, such as our Globen portfolio of properties, to make a major impact in the Swedish real estate market. Hypo Real Estate Bank International has proved a valuable partner in executing this transaction."
Source: Hypo Real Estate