CapMan Nordic Real Estate fund has signed an agreement to acquire a modern office building ("Bladet 3") from Vasakronan, the Swedish property company. The building is located in Solna, Northern Stockholm.
Bladet 3 is a 31,700 m² landmark office building located alongside and over the busy E18 road connecting to central Stockholm. The building was constructed in 1986 and has recently benefitted from a significant modernisation and upgrade programme. The building is exceptionally well located, with direct road and public transport access to Stockholm's central business district. The majority of the space is currently let to insurance company If and there is a further 4,180 m² of office space available for leasing. Bladet 3 consists of four interconnecting office properties including facilities such as restaurant, gym and large underground parking.
"We are very excited about our investment in Bladet 3, which fulfils our investment strategy, concentrating on Nordic growth centers. We are looking forward to working with the existing tenant If and introducing new tenants to the modern and flexible space available within the building. Furthermore, we will add value by further developing the building and its surroundings," says Ed Williams, Senior Partner at CapMan Real Estate.
Bladet 3 is the fourth investment of the CapMan Nordic Real Estate fund. The focus of the fund is office, retail and residential properties located in established submarkets of major Nordic cities. Fundraising for the fund continues.
Source: CapMan Nordic Real Estate