Titania secures €135m loan with Värde Partners

Titania has secured a new loan framework agreement of SEK 1.6 bn (€135 mln) with Värde Partners to refinance existing debt and replace building credits on new properties.

Einar Janson

This senior loan framework allows for drawing in tranches and initially replaces financing for investment properties Byamannen 2 and Topasen 3, with plans to cover the newly produced Bjurbäcken 11. 
Einar Janson, CEO of Titania, said: “We are pleased to introduce Värde Partners to the Swedish market. Värde Partners has been around since the 90s and took its company name from our Swedish word, so that connection feels extra fun. What we are achieving with this loan is to package several loans within a framework, which will be efficient and flexible for us. Initially, the loans replace existing financing on the investment properties Byamannen 2 and Topasen 3, but the framework also includes the newly produced Bjurbäcken 11, where it will replace a building credit in the future.”
ÆRA acted as financial advisor to Värde Partners, while JLL provided financial advice, and Gernandt & Danielsson served as legal advisor to Titania.
Titania, a property company established in 2005 and listed on Nasdaq First North, focuses on developing housing in the Stockholm region, handling projects from early planning to completed residential areas. The company retains most of its developments as rental apartments for self-management.