Danske Bank and Realkredit Danmark finances

Danske Bank and
Realkredit Danmark
finances Nordic logistics
portfolio
27 May 2015
Danske Bank and Realkredit Danm ark provides financing in connection with the largest prime
logistics transaction in the Nordics
Danske Bank, Denmark’s largest bank (ticker: DANSKE) and Realkredit Danmark, one of the largest players in
the Danish mortgage market, have provided financing by a combination of bank and mortgage loans in
connection w ith an acquisition of a logistics portfolio located in Denmark, Sw eden and Finland by a consortium
of Danish pension funds.
The portfolio, consisting of 28 logistics properties located in key distribution hubs across Sweden, Finland and
Denmark, was sold to a consortium of Danish pension funds by NREP Logistics AB, a fund managed by Nordic
Real Estate Partners AB. The transaction v alue amounts to approximately EUR 650 million .
Prior to the acquisition, the portfolio was financed by a number of banks. Danske Bank and Realkredit Danmark
hav e refinanced the portfolio by a combination of mortgage loans and bank loans securing long term financing of
the portfolio.
Danske Bank is the largest bank in Denmark and one of the leading financial enterprises in northern Europe. They
serv e personal customers, small and large businesses, and institutional clients and hav e around 3.7 million
customers, 329 branches in 1 5 countries, and just under 1 9,000 full -time employees.
Realkredit Danmark is part of the Danske Bank group and finances residential and business properties.
Nordic Real Estate Partners AB is a leading Nordic private equity real estate firm with more than 50 employees.
NREP was established in 2005 and has since inception raised eight funds and ex ecuted over 1 60 property
acquisitions and developments in the Nordic region, of which 77 hav e been exited.
Bruun & Hjejle acted as lead legal counsel to Danske Bank and Realkredit Danmark assisted by V inge (Sweden)
and Av ance (Finland).
For further information, please contact:
Jakob Echwald Sev el, partner +45 30 1 8 87 96
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