CBRE Investment Management (CBRE IM) has purchased a residential asset in Täby, Greater Stockholm, Sweden from local developer, Aros Bostadsutveckling on behalf of a fund sponsored by the firm.
The newly built asset comprises 102 residential units, totalling 7,529 sqm, with each unit approximately 74 sq m.
The asset is situated in the attractive and populous area of Täby in Greater Stockholm.
The asset is targeting BREEAM Excellent, the Swan Ecolabel, Miljöbyggnad (MB), or similar categorization.
Jenny Nygren, Transactions Manager Nordics, at CBRE IM, said: “This was an exciting opportunity to acquire a residential asset in a prime location, close to established hubs set for further development. Rental growth is expected to remain strong in Stockholm, underpinned by continued population growth, a persistent supply-demand imbalance and consequent low vacancy rates1.”
Jenny Tuleby, Head of Transactions and Investment Operations, Nordics, at CBRE IM, said: “This acquisition is in line with CBRE IM’s strategy to grow its portfolio of mid-market residential assets in the Nordics and across Europe.”
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