Pictet and Brunswick have divested Vanda 3, a 63,000 square meters mixed-use property in Akalla, Stockholm to Barings, one of the world’s largest diversified real estate investment managers, which has acquired the asset on behalf of a pan-European core property strategy. Brunswick will continue to manage the property on behalf of Barings.
Vanda 3 is a 63,000 square meters high-quality and flexible mixed-use property in Akalla, Stockholm, which includes data centre, printing, warehouse and office premises. The property is well positioned in the northern suburbs of Stockholm and offers several development opportunities with its strategic location from both a logistics and infrastructure perspective, and the area is one of Stockholm’s most prioritised for data centres. Since the acquisition in December 2020, Pictet and Brunswick have increased the net operating income of the property by almost 20% and initiated two major sustainability projects which will reduce energy consumption by approximately 60%.
Andreas Norberg, Managing Director and Head of Nordics Real Estate at Barings, said:
“Vanda 3 is well positioned as an income-producing asset, boasting significant potential for both last-mile logistics and as a data centre. With excellent transport links, a strong and diverse mix of tenants and uses, and good sustainability credentials, Vanda 3 is a strong addition to our Nordics portfolio as part of our European core strategy. Our ambition is to further strengthen its dominant market position and we are happy that we have been able to retain Brunswick as our manager for the asset.”
Source: nordicpropertynews.com on the 5th of September 2022
https://nordicpropertynews.com/article/7526/barings-acquires-mixed-use-property-in-stockholm