AFIAA invests in Sweden for the first time
AFIAA has invested in the Swedish real estate market for the first time. The investment foundation is expecting a mixed-use building in Stockholm.
The property is a historic building in the center of Stockholm, according to a statement from AFIAA. The majority of the space is used for offices, and the building is fully leased to a single tenant, it said. The property expands the portfolio of the AFIAA Global investment group, which invests in Europe, North America and Australia.
Sweden, and Stockholm in particular, is one of the most attractive real estate markets in Europe due to its stability and positive growth prospects, says Sebastian Feix, Head of Transactions International. "The Swedish real estate market is very much dominated by local investors. We are all the more pleased that we have now succeeded in entering the market with this acquisition." Feix added that the company intends to take advantage of opportunities for further acquisitions as they arise.
AFIAA was advised on the transaction by Colliers International and the law firm Linklaters. (ah)
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