Nordic private equity firm CapMan has agreed to acquire a modern office building from Swedish property company Vasakronan.
The building, Bladet 3, is located in Solna, Northern Stockholm and has recently benefitted from a “significant” modernisation and upgrade programme. The majority of the space is currently let to insurance company If
The investment was made via the firm’s dedicated CapMan Nordic Real Estate vehicle.
“We are very excited about our investment in Bladet 3, which fulfils our investment strategy, concentrating on Nordic growth centres. We are looking forward to working with the existing tenant If and introducing new tenants to the modern and flexible space available within the building. Furthermore, we will add value by further developing the building and its surroundings,” says Ed Williams, senior partner at CapMan Real Estate.
Bladet 3 is the fourth investment of the CapMan Nordic Real Estate fund. The focus of the fund is office, retail and residential properties located in established submarkets of major Nordic cities. Fundraising for the fund continues.
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