Catella Real Estate has acquired a fully let retail property in Stockholm’s Barkarby Retail Park for around SEK 170 mln (€18.8 mln), or a net initial yield of over 6.6%.
Catella Real Estate has acquired a fully let retail property in Stockholm’s Barkarby Retail Park for around SEK 170 mln (€18.8 mln), or a net initial yield of over 6.6%.
The property was purchased from Aberdeen’s Pan-Nordic Fund for Catella’s special fund Catella Scandia Chances.
The Säby 3:24 property in Järfälla was built in 2005 and comprises a total leasable area of around 6,500 m².
CBRE und Kilpatrick Townsend advised Catella KAG, while Tenzing and MAQS acted for Aberdeen.
The acquisition comes a day after Catella Real Estate purchased a property of around 10,200 m2 property on Fahnenbergplatz in Freiburg for its Spezialfonds focusing on southern Germany.
Financial details were not disclosed, but in the fund’s latest financial report the market value of the building was put at around €20 mln.
The property was purchased from BNP Paribas REIM Germany (formerly iii-investments) and brings the number of buildings held by the fund to 10 across all property types.
Catella was advised by Colliers International and law firm Stock Aders + Partner Rechtsanwälte.
