Blackstone’s Kereby secures €912m refinancing for Danish real estate portfolio

Danish covered bonds from Danish institutions form the cornerstone of the refinancing package

Blackstone's Kereby secures €912m refinancing for Danish real estate portfolio

Blackstone-backed real estate company Kereby has secured a 5-year refinancing of its entire Danish real estate portfolio.

The refinancing package, totalling DKK 6.8bn(€912m), consists of loans from Danish financial institutions and additional capital including from Macquarie Capital and Viga Real Estate.

“Kereby is pleased to announce the successful refinancing of our real estate portfolio, further strengthening our financial foundation and our commitment to the Danish market. We are proud to align with trusted Danish institutions for the benefit of our customers, our employees, and our investors,” says Kereby CEO Lars Pærregaard.

Click here to receive CRE Herald’s weekly newsletter, news alerts and insights!