Deutsche Pfandbriefbank has provided more than €500m (£373m) in finance for the European industrial sector this month.
The German lender has extended a finance facility with AB Sagax for €387m and a further €132m to CTP in the Czech Republic.
The AB Sagax facility will be used to finance the Swedish company’s industrial and warehouse portfolios in Sweden and Finland.
Divided into two loans, the first loan will be for €252m (£188m) to finance the Swedish business and another €135m for the Finnish subsidiary.
The portfolios consist of 69 light industrial and warehouse properties covering a total of 6.7m sq ft. Some 75% of the properties are in the greater metropolitan areas of Stockholm and Helsinki.
In addition, pbb has extended a loan to Czech shed investor CTP for the development of property in the Czech Republic.
The deal will see the Czech company take a seven-year loan for financing the extension of its CTPark Bor site near the Czech/German border.
