Andersson Real Estate Investment Management has raised a further SEK 550 mln (€63 mln) for its second value-add investment vehicle.
Andersson Real Estate Investment Management has raised a further SEK 550 mln (€63 mln) for its second value-add investment vehicle.
In a statement, Stockholm-based Areim said it has closed Areim Fund II after receiving new commitments from investors, Riksbankens Jubileumsfond and Kåpan Pensioner Försäkringsförening.
The existing investors in Areim Fund II were the Government of Singapore Investment Corporation, Dutch pension fund APG, Sweden's Fourth Swedish National Pension Fund (AP4) and Allianz Real Estate. The aggregate commitments in the fund come to SEK 2.8 bn (€321 mln).
Similar to its predecessor, Areim Fund II will pursue value-added investments in the form of office
repositioning, retail investments and residential development projects in Sweden with a focus on
Stockholm.
The fund is an eight-year vehicle with a three-year investment horizon and a total investment volume of SEK 6-7 bn.
