M&G completed its first real estate loan in Sweden through its provision of SEK 700m ($82.2m) to Logistri Fastighets, a specialist real estate company listed on the Spotlight stock market in Stockholm.
The company develops and manages commercial warehouse and light industrial properties.
The loan is over five years and its flexible design allows extensions to the credit facility with M&G’s consent, enabling the company to continue its growth through add-on acquisitions.