On behalf of Nordea Liv & Pension, the life and pensions arm of northern European financial services group Nordea, Aberdeen Property Investors has reached an agreement with AxFast on a property swap deal worth nearly SEK 700 m. The transaction relates to the acquisition of retail and logistics properties in central Sweden, and the sale of office premises in Stockholm.
Nordea Liv & Pension is acquiring one logistics property in Linköping and three retail premises in Linköping, Örebro and Lidingö from AxFast with total lettable floor-space of 28,479 sq m. Meanwhile, AxFast will acquire five office premises in Stockholm with total lettable floor-space of 10,929 sq m from Nordea Liv & Pension.
The total property value in the transaction is SEK 685 m, with property changing hands on 1 March, apart from the Linköping retail property, which is under construction, with possession changing hands on 1 November.
For more information, please contact:
Joakim Nordblad
Asset Management, Aberdeen Property Investors
Tel: +46 (0)8 412 8000
Erik Lindvall,
CEO, AxFast
Tel: +46 (0)8 752 5300