pbb Deutsche Pfandbriefbank has provided a SEK 310 million (approx. €35 million) financing to Fastighets AB Linrepan, a wholly owned subsidiary of Hyresbostäder i Sverige II AB, managed by Obligo Investment Management AS. The transaction closed in June 2014.
The funding is for a portfolio that consists of eight residential let schemes located in the university city of Uppsala. The 71,383 m² portfolio includes over 40 buildings containing some 940 apartments and 30 smaller commercial units.
Norbert Müller, Head of Real Estate Finance Continental Europe West at pbb Deutsche Pfandbriefbank said: “This is our third deal with Hyresbostäder i SverigeII AB. Over the course of the transactions we have developed a very good relationship and have found it a pleasure to work with such a professional organisation. The funding of high quality residential portfolios continues to be a very attractive sector for pbb.