Nordika acquires education property in Stockholm from M2 Asset Management
The property is located in Kista, Stockholm, and comprises appx. 28,700 sqm of lettable area. Internationella Engelska Skolan is the main tenant with approximately one-third of the total lettable area, on a long-term lease agreement. In addition to the in-place income, the property offers attractive value-add opportunities in the lease-up of vacancies.
“We are acquiring another property in Kista that we will update and improve with our focus on asset management to make it a sustainable long-term asset. We intend to develop the property for educational purposes. As part of the development, we will make significant investments and improvements focusing on sustainability, well-being, and security,” says Jonas Grandér, CEO of Nordika.
“Another significant property sale for M2 Group, where we free up funds to repay debt. We are also concentrating our portfolio towards Småland and continuing with our sales in the Stockholm region. We thank Nordika for a smooth process and wish them good luck,” says Jakob Mörndal, CEO of M2.
Nordika was advised by Roschier, PWC, and WSP
