ING Real Estate closes first transaction with HGI Herald Fund (SE)

ING Real Estate has today announced that the company has closed a K 538.49 mln. (approx. €53 mln.) mortgage Loan for three of Henderson Global Investors' Herald Fund's existing assets in Sweden.

The HGI Herald fund invested in several European countries in excess of €300 million with a target size of €1 billion.

Neil Varnham, Director of Property Retail (Europe) at Henderson Global Investors Ltd commented: "At a time when markets have been particularly challenging ING Real Estate has proven to be an excellent financing partner for Herald's first acquisition in Sweden. We look forward to working with them again in the future".

Michiel Rang, CEO International, ING Real Estate Finance, said: "This transaction is important to us, as it demonstrates both trust in each other's capabilities and enables this client to perform in its core markets."

Source: ING Real Estate

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