Norwegian life insurer Storebrand and German bank Helaba have provided a Norwegian krone 1.022bn (€111.2m/$118m) loan for London-based real estate management boutique, Tristan Capital Partners, in its purchase of four regional retail and shopping centres, including one building extension, in Norway.
Comprising more than 87,000 sq m of lettable space, the properties are fully let on a long-term basis, anchored by the leading Nordic retailer Coop.
The portfolio was purchased for the European property investors' special opportunities 3 (Episo 3) fund advised by Tristan, which already has investments totalling more than €1.2bn.