The strategy is to improve the in-place rents whilst building out the consented schemes and rezoning/developing the residential portfolio.
Acquisition of the controlling stake (41% of the equity and 58% of the voting rights) in the listed company, Stendörren Fastigheter AB which owns a portfolio of 748,000 sqm of cash flow generating urban logistics/ flex space assets and 600,000 sqm of building rights, secured under existing local plans or currently undergoing rezoning, in established locations in the Greater Stockholm area.
Location: Greater Stockholm
Net lettable area:~748,000 sqm
Tenure: Freehold and Leasehold
Use: Urban logistics / Light industrial