pbb backs Standard Life with €29m loan for Swedish retail

pbb Deutsche Pfandbriefbank has provided a SEK 275.5m (€29m) facility to Standard Life Investments' European Real Estate Club fund for the acquisition of a retail park in in Sweden. The five-year loan will finance the purchase of the 33,400 sq m Länna Retail Park, located just south of Stockholm, from German real estate company IVG.