Halverton, the London-based real estate investor, has stepped into the Swedish market through the EUR 7.6 mln purchase of an office-warehouse property in the southern town of Svedala. Halverton said the purchase of the property, about about 15km from the centre of Malmo, produced a net yield of 10.11%. The four largest tenants provide 82% of the income. The property, Halverton said, provides very good quality and modern 'modular' office accommodation suited to a wide range of user requirements. The warehouse accommodation is considered to be average quality but has very good letting prospects in view of the flexibility of design and access, the comapny said.
Halverton, the London-based real estate investor, has stepped into the Swedish market through the EUR 7.6 mln purchase of an office-warehouse property in the southern town of Svedala. Halverton said the purchase of the property, about about 15km from the centre of Malmo, produced a net yield of 10.11%. The four largest tenants provide 82% of the income. The property, Halverton said, provides very good quality and modern 'modular' office accommodation suited to a wide range of user requirements. The warehouse accommodation is considered to be average quality but has very good letting prospects in view of the flexibility of design and access, the comapny said.
