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.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
