AFIAA has purchased a mixed-use property in Stockholm, marking its first investment in the Swedish real estate market. Situated in a prestigious location in the centre of the city, the historical building is predominantly used for offices. The building is currently fully let to a solid single-tenant. In line with its focussed growth strategy and to boost and expand its presence in the Nordics, AFIAA has acquired the property for the portfolio of the AFIAA Global investment group, which focuses on Europe, North America and Australia. The purchase price was not disclosed.
“Thanks to its stability and positive growth prospects, Sweden in general, and Stockholm, in particular, is one of the most attractive real estate markets in Europe. Given that the Swedish property market is largely controlled by local investors, we are delighted having entered the market successfully and we are keen to analyse future opportunities and make further purchases,” said Sebastian Feix, AFIAA’s Head of Transactions International.