Catella Corporate Finance in Sweden has advised the Swedish occupational pension company Alecta in a €253 million deal. The deal comprises the sale of a Swedish property portfolio to the Australian company Valad Continental Partners.
The portfolio includes mostly office and warehouse properties, located in nine cities in southern and mid-Sweden. The total lettable area amounts to 258,000 m², of which 50% is found in Stockholm.
According to Alecta, the transaction will provide the company with a better balance of international and Swedish property holdings.
Alecta, headquartered in Stockholm, Sweden, is a pension insurance company, managing some €46 billion on behalf of 1.7 million private customers and 28,000 companies.