German property lender DG HYP (Deutsche Genossenschafts-Hypothekenbank) said on Thursday it has provided a SEK 280 mln (EUR 27.4 mln) facility to Focus Nordic Cities, an open-ended real estate fund managed by Catella Real Estate. The loan will be used to finance Baltzar City, a retail and office building in Malmö, Sweden. The Nordic Cities fund invests exclusively in Scandinavia and the Baltic countries.
German property lender DG HYP (Deutsche Genossenschafts-Hypothekenbank) said on Thursday it has provided a SEK 280 mln (EUR 27.4 mln) facility to Focus Nordic Cities, an open-ended real estate fund managed by Catella Real Estate. The loan will be used to finance Baltzar City, a retail and office building in Malmö, Sweden. The Nordic Cities fund invests exclusively in Scandinavia and the Baltic countries.
Baltzar City is an 11,300 m2 retail and office property comprising 7,800 m2 of offices and 3,500 m2 of prime retail space, with 35 underground and 10 outside car parking spaces. The property, which combines classical architecture and modern building design, is located in Malmö city centre.
