Fund manager Areim has acquired four light industrial properties in Sollentuna Municipality, north of Stockholm, from Castellum for an undisclosed amount.
The properties, with around 20,000 m2 of lettable area, are located in the Edsberg industrial area. The properties are 92% occupied. Areim is planning several maintenance and refurbishment measures to increase the energy performance of the properties.
With this acquisition, Areim increases its light industrial portfolio in Greater Stockholm to roughly 125,000 m2.
'It is gratifying to continue to grow our light industrial portfolio in Sweden with an acquisition of this size. Given that the market has been tough, we are particularly pleased to have acquired a portfolio in a very attractive location that also offers good transport links. The work of further developing the properties in line with our strategy will begin immediately,' said Jesper Warén, head of Light Industrial Investments at Areim.
In the past year, Areim has expanded its Swedish light industrial portfolio from 210,000 m2 to 275,000 m2 of lettable area. The portfolio now consists of roughly 60 properties in Greater Stockholm, Uppsala, Gothenburg, and Västerås.
