The refinancing supports the continued development of the CRED portfolio, which primarily is owned by leading Danish pension funds and managed by Rubik. The portfolio was onboarded to Rubik in January 2025 and comprises high-quality commercial real estate assets across office, retail, and logistics, with a primary focus on office properties in the Copenhagen area.

This refinancing represents an important milestone following the onboarding and reflects strong lender confidence in the portfolio’s quality, its cash-flow resilience, and the long-term fundamentals of the Copenhagen office market. The improved financing structure enhances flexibility and positions the fund well to continue executing on its strategy while delivering stable, risk-adjusted returns for its institutional investors.

"We would like to thank Nordea for the constructive and professional collaboration throughout the process, as well as all stakeholders involved for their commitment and execution," CEO Jacob Smergel-Krog comments in a press release.