CapMan Nordic Real Estate fund has signed an agreement to acquire an office building from Trifam Fastighets AB, a Swedish property company. The 13,239 m² property is located in Solna Strand, an established office location in Northern Stockholm. This is the eighth investment of the CapMan Nordic Real Estate fund and the third one in Sweden.
Built in 1974, Apelsinen 4 is a seven-storey building of modern standard and includes two garage parking floors. The property is currently 70% leased to a well-diversified group of tenants.
"The Stockholm office market is experiencing stronger demand, and Solna is one of the more popular submarkets amongst occupiers. The excellent accessibility to the city center and primary airports like Arlanda, makes it an attractive location for businesses. We see many value-add opportunities in this new investment through active management and leasing work," states Edward Williams, Senior Partner at CapMan Real Estate and responsible for the investment.