Sponda has signed a five-year EUR 350 mln syndicated credit agreement to refinance the outstanding short-term loan raised in December 2006 to finance the acquisition of Finnish peer Kapiteeli. The lead managers of this issue are Nordea, OKO Bank, Skandinaviska Enskilda Banken, Helsinki Branch, and the manager is Swedbank. The loan carries a margin at the beginning of the loan period of Euribor plus 0.375-0.425 %.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
