Following growth of the Scandinavian portfolio, Halverton has announced the opening of its Swedish office, located at Drottninggatan 25, Stockholm. This will be Halverton's ninth office opening in its 2.5 years of trading.
Halverton currently has ten assets under management in Denmark, two in Sweden, and has recently acquired its first Finnish asset. An office in Stockholm with local specialists will provide a stronger foothold in the Scandinavian market. The Danish and Swedish assets under management exceed €100 million. The Stockholm office follows from the success of the Copenhagen office which opened in April 2006 and comprises a team of six.
Mikael Mannik will be Managing Director based in Stockholm responsible for the Sweden and Finland operations, and Daniel Andersson will be Acquisitions Director. Mikael and Daniel join Halverton from Jones Lang LaSalle where they have spent the last several years helping to build the successful Jones Lang LaSalle Swedish transaction business.
Halverton is a real estate investment and asset management company established in September 2004, offering investors access to the higher yielding European real estate markets. Halverton manages over €1.5 billion in assets throughout Europe with approximately 120 employees based in six countries.
Richard Croft, Chief Executive, said, "We are delighted to welcome Mikael and Daniel to the company. We consider Scandinavia a key market and believe the building blocks are now in place for us to achieve our short and medium term growth plans for the region."