HFF Announces Acquisition Financing for Office Asset in Central Stockholm, Sweden
13 Juin 2019 - 10:17PM
Business Wire
HFF Real Estate Limited (HFF) announces the acquisition
financing of Skjutsgossen 12, a 365,000-square-foot office building
located in Sodermalm, one of Stockholm’s core districts.
HFF worked on behalf of the borrower, a strategic partnership
between The Blackstone Group, L.P. and Scius Partners, to secure
the five-year, floating-rate acquisition loan through Deutsche
Bank.
Skjutsgossen 12 is located in the heart of Sӧdermalm, a
tech-focused, inner-city district of Central Stockholm. The
property is currently 98% let to 12 tenants across the office and
retail spaces, with major tenants such as Polismyndigheten and
Circle K Sverige AB providing a foundation to the property.
The HFF debt placement team representing the borrower was led by
senior director Brad Greenway, managing director Edward Daubeney
and associate Karan Mahajan.
“Continental Europe continues to be a strong strategic focus for
best-in-class global real estate owners and capital providers,
which continues to support HFF’s initiative to open HFF’s first
international office in London two years ago,” Greenway said.
“With the completion of this financing, HFF has entered the
Nordic market for the first time and we look forward to continuing
to expand our relationships and presence in the Nordics in due
course,” Daubeney added.
Shivam Rastogi, Managing Director at Deutsche Bank, adds, “We
are delighted to be the partner of choice for Blackstone on the
financing for this prime property in Stockholm. The transaction
reflects our willingness to back the right asset and to offer
attractive financing solutions to our clients across Europe.”
About The Blackstone Group,
L.P.
The Blackstone Group, L.P. is a leading global alternative asset
manager listed on the New York Stock Exchange (“BX”). Blackstone’s
alternative asset management business includes the management of
real estate funds, private equity funds, hedge fund solutions,
credit-oriented funds and closed-end mutual funds. The firm was
founded in 1985 by Stephen A. Schwarzman, its current Chairman and
CEO, and Peter G. Peterson who retired from the firm in 2008.
About Scius Partners
Scius was established in 2007 and is a real estate investment
company based in Stockholm. Their core business is to act as local
operating partners to international and domestic capital investing
in the Nordic real estate markets. The company offers their
partners a complete range of services including deal sourcing and
execution, asset management and reporting, project development,
corporate/tax structuring, arranging financing, among others.
About HFF
HFF and its affiliates operate out of 26 offices and are a
leading provider of commercial real estate and capital markets
services to the global commercial real estate industry. HFF,
together with its affiliates, offers clients a fully integrated
capital markets platform, including debt placement, investment
advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing. HFF, HFF Real Estate
Limited, HFF Securities L.P. and HFF Securities Limited are owned
by HFF, Inc. (NYSE: HF). For more information, please visit
hfflp.com or follow HFF on Twitter @HFF.
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version on businesswire.com: https://www.businesswire.com/news/home/20190613005735/en/
BRAD GREENWAYHFF Senior Director44-020 7509
6700bgreenway@hfflp.com
EDWARD DAUBENEYHFF Managing Director44-020 7509
6700edaubeney@hfflp.com
KRISTEN MURPHYHFF Director, Public Relations+1 (617)
848-1572krmurphy@hfflp.com
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