Announced
Financials
Tags
Cross Border
Private Equity
Pending
Sweden
Single Bidder
Real Estate Holding and Development
Private
real estate holding
Acquisition
Majority
Friendly
Synopsis
Blackstone agreed to acquire the property portfolio of Corem Property Group, a Sweden-based company engaged in the acquisition, management, development, and renewal of industrial, storage, logistical and commercial real estate in Sweden and Denmark. Financial terms were not disclosed. The portfolio consists of properties situated in Gothenburg, Jönköping, Malmö, Stockholm, and Västerås. The total lettable area amounts to around 357k sq m, mainly premises for warehouse and logistics. The economic occupancy rate is 94%.
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