Nordika acquires long lease portfolio from AXA Real Estate Investment Management.
Nordika announced today that it has completed the acquisition of a portfolio consisting of four properties totaling 27,000 sqm (the “Portfolio”). The properties are located in South Sweden in the cities of Kalmar, Västervik and Växjö. All properties are centrally located and on long leases. 90% of rental value in the Portfolio derives from Swedish government backed tenants, i.e. the Police Authority, Prosecution Authority and Växjö Municipality.
Nordika sold two of the properties back to back to Vacse AB (“Vacse”), a club structure of seven Swedish pension funds including Volvo, Atlas Copco, Skanska and Ericsson. Vacse acquired the properties including the Police and Prosecution Authorities from Nordika.
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