Pbb Deutsche Pfandbriefbank has provided an investment facility of c. €43m (410m SEK) to Logistea AB, a public company listed on Nasdaq Stockholm First North market. Logistea AB has been established with the support of Catella Corporate Finance, a specialist in property investments, fund management and banking, with operations in 12 countries across Europe.
The loan was provided to support the acquisition of a logistics and office property located on the E6 highway in Landskrona, Sweden. The transaction closed in March 2017.
The property comprises ca 42,000 m² lettable area split between a modern cross docking terminal and an office building. All premises are fully let to transport and logistics operator, DSV Road AB, on a new 15-year long lease.
Norbert Müller, Head of Real Estate Finance Continental Europe West at pbb Deutsche Pfandbriefbank, said: “pbb Deutsche Pfandbriefbank is pleased to have supported Catella Corporate Finance in its launch of Logistea and its acquisition of a modern logistics and office property. The Nordic countries are strategic markets for pbb. We continue to see strong interest from both international and domestic clients.”
Johan Ericsson, CEO of Logistea AB (publ) said; “Logistea is focusing on secured cashflow by combining first class properties leased on long term with stable and long term financing. pbb Deutsche Pfandbriefbank has been very supportive and efficient in the acquisition of our first property and we look forward to future projects together with pbb.”
