CapMan Nordic Real Estate III Fund has agreed to acquire a portfolio of three office and mixed-use buildings in Vastberga, south of central Stockholm from Waso Fastigheter. The portfolio consists of one office building and two mixed-use office and warehouse buildings. In total the portfolio comprises over 30,000m² of lettable space, out of which approximately 30% is currently vacant. CapMan plans to refurbish the properties to meet modern standards for commercial space and to substantially decrease the energy footprint of the portfolio. The purchase price was not disclosed.
Vastberga is the most centrally located industrial area in Stockholm. The properties are situated next to the E4 motorway and close to public transport, providing effortless and fast access to central Stockholm.
“This portfolio is a great addition to our growing third value-add fund. Following our planned updates, the properties will provide a welcomed addition of high-quality office and warehouse space in the area. Upgrading the technical systems in the buildings will improve the energy efficiency, with reduced emissions and energy costs as a result, further increasing the attractiveness of the space for a wide variety of tenants,” said Anna Reuterskiöld, Partner and Head of CapMan Real Estate Sweden