Announced
Completed
Financials
Tags
Majority
property
Real Estate Holding and Development
Cross Border
Private Equity
Sweden
Private
Friendly
Acquisition
Real Estate
Single Bidder
Completed
Synopsis
CBRE, a real asset investment management firm, completed the acquisition of property in Stockholm from Magnolia Bostad, a real estate developer, for SEK587m. “This was a rare opportunity to acquire a high-quality build-to-rent development in a compelling location. The chronic undersupply of rental accommodation in Stockholm, combined with ongoing population growth and the strong fundamentals of the Ursvik market, means that this asset is anticipated to be income-producing from the point of completion, with attractive prospects in the long term due to Sweden’s highly institutional PRS market,” Andreas Norberg, CBRE Global Head of Investment Operations.
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