pbb Deutsche Pfandbriefbank has provided a SEK 422-million (approx. 46-million) facility to Ness Risan & Partners, with Wilfast Förvaltning AB as asset manager, for their share acquisition of Nordic Distribution Centre Jönköping AB, a company owning a modern 95,400-m² distribution center which serves as the Scandinavian hub for Elgiganten/Elkjop, subsidiaries of Dixons Retail Plc. The transaction closed on June 23, 2011.
Harin Thaker, Head of Real Estate Finance International at pbb Deutsche Pfandbriefbank said: "We are pleased to provide another loan to the Swedish real estate market to emphasize our strength on this particular market. Ness Risan & Partners is a long standing client of the bank and we are very pleased to continue working with them in the Nordics."
Source: pbb Deutsche Pfandbriefbank