Areim has acquired four light industrial properties in Sollentuna Municipality, north of Stockholm, with approximately 20,000 sqm of lettable area. The properties are located in the Edsberg industrial area. With this acquisition, Areim increases its light industrial portfolio in Greater Stockholm to roughly 125,000 sqm.
The properties are leased to 92 percent to a mix of attractive tenants and is located among residential properties and a local centre with proximity to the motorway. Areim is planning several maintenance and refurbishment measures to increase the energy performance of the properties.
“It is gratifying to continue to grow our light industrial portfolio in Sweden with an acquisition of this size. Given that the market has been tough, we are particularly pleased to have acquired a portfolio in a very attractive location that also offers good transport links. The work of further developing the properties in line with our strategy will begin immediately”, says Jesper Warén, Head of Light Industrial Investments at Areim.
In the past year, Areim has expanded its Swedish light industrial portfolio from approx. 210,000 sqm to approx. 275,000 sqm of lettable area. The portfolio now consists of roughly 60 properties in Greater Stockholm, Uppsala, Gothenburg, and Västerås, and also includes a significant volume of unused building rights as well as ongoing development.
The seller is Castellum.
Source: press release received on 28 November 2024