The Swedish real estate market is experiencing strong interest from international investors as they seek to benefit from its occupational stability, strong rental growth and easy access to debt finance, DTZ Sweden’s head of investments Fredrik Lidjan told PropertyEU at the MIPIM fair in Cannes.
The Swedish real estate market is experiencing strong interest from international investors as they seek to benefit from its occupational stability, strong rental growth and easy access to debt finance, DTZ Sweden’s head of investments Fredrik Lidjan told PropertyEU at the MIPIM fair in Cannes.
Lidjan said he had come to MIPIM with EUR 1 bn of sales instructions on behalf of German, Norwegian, Danish, UK and Swedish sellers. ‘In the first two hours that I was here, I received three serious bids for three products,’ he said. One of the assets is a hotel in Stockholm, he noted. The sales instructions concern a recycling of assets, not distressed selling, Lidjan said.
In total, Lidjan said he had received SEK 12 bn (EUR 1.4 bn) of instructions in the past two months, including the assets being marketed at MIPIM.
Sweden's investment market is showing strong recovery with investment volumes reaching SEK 113 bn (EUR 13 bn) in 2010, up 95% on 2009, according to data from Savills.
