Copenhagen, November 3rd 2023
Danish covered bonds from Danish institutions form the cornerstone of the refinancing package
Kereby, a Blackstone portfolio company, today announces it has secured a 5-year refinancing of its entire Danish real estate portfolio. The refinancing package, totalling DKK 6.8bn, 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.
Since inception, Kereby has been working to build a Danish full service real estate company and investing significant amount of capital into improving its properties and customer service. The improvements have not only supported increasing satisfaction among tenants, but also helped to implement Kereby’s efforts within environmental, social and governance (ESG) responsibilities.
The high available resi occupancy rate of 99.5% reflects Kereby’s ambition to deliver high quality properties and positive tenant experiences. Completing a DKK 6.8bn refinancing – with DKK 4.4bn in the local market from well-esteemed Danish financial institutions – further strengthens Kereby’s commitment to the Danish real estate market.
For further information:
Head of ESG & Public Affairs
Jean Ahlefeldt-Laurvig
Jah@kereby.dk
+4551888965
