Capman Nordic Real Estate fund is acquiring an office building in northern Stockholm from Swedish company Trifam Fastighets.
Capman Nordic Real Estate fund is acquiring an office building in northern Stockholm from Swedish company Trifam Fastighets.
The financial details were not disclosed.
Built in 1974, Apelsinen 4 is a seven-storey building of modern standard and includes two garage parking floors. The property is currently 70% leased to a well-diversified group of tenants.
The 13,240 m2 property is located in Solna Strand, an established office location in northern Stockholm. This is the eighth investment of the Capman Nordic Real Estate fund and the third in Sweden.
'The Stockholm office market is experiencing stronger demand, and Solna is one of the more popular submarkets amongst occupiers. The excellent accessibility to the city centre and primary airports like Arlanda makes it an attractive location for businesses. We see many value-add opportunities in this new investment through active management and leasing work,' said Edward Williams, senior partner at Capman Real Estate.
The Nordic Real Estate fund seeks to acquire office, retail and residential properties located in established submarkets of major Nordic cities. Fundraising for the fund continues.