Catella's Focus Nordic Cities open-ended real estate fund has acquired two office buildings for a total investment volume of EUR 57 mln. In the larger of the two transactions, the fund purchased the 11,300-m[sup]2[/sup] Baltzar City in Malmo, Sweden for EUR 40 mln. The property which comprises office and retail space was modernised in 2002.
Catella's Focus Nordic Cities open-ended real estate fund has acquired two office buildings for a total investment volume of EUR 57 mln. In the larger of the two transactions, the fund purchased the 11,300-m2 Baltzar City in Malmo, Sweden for EUR 40 mln. The property which comprises office and retail space was modernised in 2002.
In the second deals, the fund acquired a 2,000-m2 office and retail building in one of the main shopping streets of the Norwegian capital Oslo.
Both transactions reflected net initial yields of 6.2%.
