The EQT Real Estate I fund has acquired a mixed-use asset comprising both a school and office space in Stockholm, Sweden. The property is located at 12 Tullgårdsgatan on the Södermalm island. The seller is an affiliate of the Swedish insurance company Folksam.
Built in 1981, the property comprises 9,100 m² of office and education space and 34 garage parking spaces. It benefits from a close proximity to key Metro lines.
Henrik Orrbeck, Director at EQT Partners and Investment Advisor to EQT Real Estate I, commented: “Hönsfodret 1 presents a rare opportunity to upgrade an existing office building into an attractive inner Stockholm location. This acquisition further underpins EQT Real Estate’s ambition to deliver grade A assets fit for modern occupiers demanding flexible and creative solutions”.
Robert Rackind, Partner and Head of Real Estate at EQT Partners, Investment Advisor to EQT Real Estate I, added: “The Hönsfodret 1 investment represents what EQT Real Estate is all about – identifying underinvested assets in gateway cities in Western Europe with several value-add angles. EQT Real Estate sees many opportunities in this region and will continue to explore the sustained global demand and local needs that exist in these markets”.
EQT Real Estate I was advised on the acquisition by Linklaters, AF Consulting, Concila, Archus and Beadmans.
