DLA Piper has advised Round Hill Capital, a leading specialist real estate investment, development and asset management firm, and StepStone Group Real Estate LP (StepStone Real Estate), a leading private markets firm, on the successful completion of the multi-currency refinancing of the acquisition debt secured against their Nordic logistics and industrial real estate portfolio, which comprises 327,649 sqm across 13 assets in Sweden, Norway and Denmark.
The new senior loan, with a leading global insurance institution, is for a five year term and the facility also covers financing for all currently identified capital expenditure projects, which are highly value accretive.
The DLA Piper team was led by Oslo-based Real Estate partner Anders Bergene, assisted by Dag Thomas Hansson (Oslo), Chris Chan (London), Carl Schwieler and Anders Malmström (both Stockholm), Joachim Kundert Jensen (Copenhagen), Tony Lund-Burmeister (Aarhus) and Xavier Guzman (Luxembourg).