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Sweden – Examples of Exited Investments

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The Gripen Portfolio: The 50 MSEK (circa 5.5 M euro) purchase of this property, known as Gripen, in Karlstad City Centre was concluded in July 2014. This property met our investment criteria as it was was in good condition, had an excellent location, strong tenants, long leases, provided a positive cash flow, while also having some upside potential. We focussed on maximising the rental income and subsequently sold the property, fully let, in September 2016, providing an IRR of 17% p.a. to our investors.

The initial investment opportunity can be viewed… …more

 

Zakrisdals - resized

Tain Swedish Property AB purchased a 50 hectare industrial park known as Zakrisdal in Karlstad in January 2008. The acquisition price was 72 MSEK (circa 8 M euro) including costs. In addition to a strong rental income on the existing 34,000 square metres of industrial space, Zakrisdal also had development potential. In January 2011, Tain secured programme planning (similar to our outline planning) for up to 1,600 residential units and 12,000 square metres of additonal industrial. ..more

 

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Dalenridge Property AB purchased two separate portfolios of 105 apartments in 5 houses over 6,389 square meters and 2,585 square meters of centrally located mixed use property.

There were 35 vacant units in the residential apartments at acquisition but little or no marketing had been carried out as a result of the previous owner’s age. A 3 MSEK renovation …more