trending Market Intelligence /marketintelligence/en/news-insights/trending/T8lp68NKiIYXodjDxoI1gA2 content esgSubNav
In This List

Heimstaden unit secures 1.4B-kronor loan for Stockholm portfolio acquisition

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Heimstaden unit secures 1.4B-kronor loan for Stockholm portfolio acquisition

A unit of Swedish property company Heimstaden received a 1.4 billion-Swedish-kronor bank loan from Germany's pbb Deutsche Pfandbriefbank to fund its purchase of a residential portfolio in Stockholm, Property Investor Europe reported.

According to the Oct. 17 report, which cited a pbb release, the loan was extended to Heimstaden Bostad and will mature in five years.

The approximately 57,000-square-meter portfolio comprises upward of 1,100 apartment units in the Swedish capital spread over four new buildings and two refurbished properties. The units are in Stockholm's Råcksta, Flemingsberg and Haninge districts.

As of Oct. 17, US$1 was equivalent to 8.16 Swedish kronor.