International real estate advisor Savills has been appointed by Union Investment Real Estate to manage a 22,000 m2 office property in Stockholm, Sweden.
International real estate advisor Savills has been appointed by Union Investment Real Estate to manage a 22,000 m2 office property in Stockholm, Sweden.
The seven-storey asset, Päronet 8, is located to the north of the city in Solna and Savills will begin managing the building in January 2014.
Päronet 8 was refurbished in 2009 and is fully let to a single tenant, Swedish tax authority Skatteverket. It includes one underground floor and 125 parking spaces.
Savills has around 500,000 m2 of assets under management across Sweden.
The firm currently manages 34 properties for Union Investment Real Estate across Europe including in the Netherlands, Spain and France. Hamburg-based Union Investment Real Estate has €23 bn of assets under management in 14 real estate funds.
