AMF Fastigheter, the real estate arm of Swedish pension fund AMF, has sold its last remaining Gothenburg property as it sharpens its focus on Stockholm’s property market.
AMF Fastigheter said it sold office property Gårda 13:6, located in the Gårda area of Sweden’s second city, for around SEK950m (€105m) to Niam.
It said this was the last property it still owned in Gothenburg, and that its real estate ownership would now be concentrated in the Stockholm region.
Fredrik Ronvall, head of transactions at AMF Real Estate, said: “Instead of building up our own administrative organisation in Gothenburg, we have now decided to focus our investments on the Stockholm region.”
He said Stockholm was one of Europe’s fastest growing cities and the pension fund expected it to develop strongly in the future.
“One of AMF’s main driving forces is to revitalise and develop Stockholm, and we are doing this in close cooperation with the Stockholm city council and other property owners,” Ronvall said.