Swiss investor AFIAA has purchased a mixed-use property in Stockholm, its first buy in the Swedish real estate market.
Financial details and the identity of the seller were not disclosed.
Situated in a prestigious location in the centre of the capital city, the historical building mainly comprises offices. It is currently fully let to a solid single-tenant.
AFIAA acquired the property for its global investment portfolio, which focuses on Europe, north America and Australia, as part of a strategy for growth in the Nordics.
Sebastian Feix, AFIAA’s head of transactions international said: 'Thanks to its stability and positive growth prospects, Sweden in general, and Stockholm in particular, is one of the most attractive real estate markets in Europe.
'Given that the Swedish property market is largely controlled by local investors, we are delighted having entered the market successfully and we are keen to analyse future opportunities and make further purchases.'
AFIAA’s consultants for the transaction were Colliers International. Linklaters supplied legal advice.
