16 April 2015, Stockholm, Sweden | Corporate Finance | News
Catella in Stockholm acted as advisor to Patrizia in the divestment of three properties in the Greater Stockholm region. Two of the properties are located in Jordbro and the third in Vårberg. Buyer is D. Carnegie & Co.
Summarized extract from D. Carnegie & Co's press release:
D. Carnegie & Co acquires three properties in Stockholm
D. Carnegie & Co AB (publ) – listed on Nasdaq First North Premier – has acquired three properties in the Greater Stockholm region by way of a company transaction. Two of the properties are located in Jordbro and the third in Vårberg. The properties are estimated to generate annual rental income of MSEK 85. Seller is PATRIZIA WohnInvest Kapitalverwaltungsgesellschaft mbH for the account of the German special fund PATRIZIA Euro City Residential Fund I.
The acquired portfolio consists of 1 009 apartments and a total lettable area of 93 000 sqm. The two properties in Jordbro are located adjacent to D. Carnegie & Co’s existing portfolio in the area.
- These are exactly the kind of properties that D. Carnegie & Co is interested in acquiring. Attractive locations, low current rent levels and with a strong potential for further development and thus improved NOI, says Ulf Nilsson, CEO of D. Carnegie & Co.
Closing is expected to occur in July 2015. The acquisition is subject to the vendor receiving required regulatory approvals.