STOCKHOLM, SWEDEN-Swedish property firm Kungsleden AB has signed a deal with GE Capital Real Estate to acquire a portfolio of 84 commercial properties in Sweden. The price is around $860 million (SEK 5.5B).
The properties are mostly office buildings and are largely situated in Stockholm and Gothenburg.
“This acquisition fulfills our investment target of SEK 5-6 billion within 18-24 months that was set and communicated in the beginning of this year. The property portfolio fits very well into Kungsleden's new strategy with a focus on quality commercial properties in attractive locations in growth regions,” says Biljana Pehrsson, CEO of Kungsleden.
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