Niam sells Police Academy in Sörentorp to Centur (SE)

Niam has sold two properties located at Sörentorp in Solna and Sollentuna, just north of Stockholm. The properties comprise of approx. 49,000 m² of floor space across almost 50 buildings, and approx. 20,000 m² of commercial building rights. The area covers 87 hectares let to the National Police Board, who are running the Police Academy at the premises.

The buyer Fastighets AB Centur, equally owned by Peab Fastighetsutveckling AB and Fastighets AB Balder, will pay approximately SEK 675 million (approx. €74.48 million).

Stefan Albinsson, Fund Manager at Niam, says, “During the holding period Niam signed a new six-year agreement with the National Police Board at Sörentorp which resulted in a strong and stable cash flow from the properties. Solna also continues to expand and develop which will benefit the area over time.”

Christian Hahne, Chairman of the Board at Centur, says: ”Sörentorp has a strategic location between Solna and Sollentuna. The National Police Board is a stable tenant generating a safe cash flow. We see great development potential to build attractive residentials at the properties.”

Source: Niam

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