The Munich-based Catella Real Estate AG said that it has acquired a Stockholm office property for about EUR 30mln. The building was acquired from Swedish pension fund Alecta, and has been earmarked for the Focus Nordic Cities open-ended property fund.
The Munich-based Catella Real Estate AG said that it has acquired a Stockholm office property for about EUR 30mln. The building was acquired from Swedish pension fund Alecta, and has been earmarked for the Focus Nordic Cities open-ended property fund.
With a gross lettable area of about 5,000 m2, the Asken 11 office property acquired is located in the downtown area of the Swedish capital.
A wholly owned subsidiary of Catella Property Fund Management, Catella Real Estate is a service provider in the German real estate and financial sectors and forms part of Sweden's Catella Property Group.
