Balder invests €151.5m in European acquisitions

Fastighets AB Balder has agreed to acquire four properties with a total lettable area of about 28,000m² for approximately €151.5m (SEK 1,600m). The assets in Stockholm and London mainly consist of offices and educational premises and the property in Helsinki is a hotel. All properties are located in the central areas of the capital cities and benefit from easy access by private and public transport. The portfolio was acquired in three separate transactions. Major tenants include Stockholm University of the Arts, A house, Scandic, the German-Swedish Chamber of Commerce and Spendrups.