Mitsubishi Estate London, advised by Europa Capital, a pan-European real estate investment manager, has acquired a 7,000-square-meter (75,000-square-foot) office building in Stockholm’s central business district from AFA Insurance. The financial terms were not disclosed.
The seven-story building is strategically located within the CBD with direct internal access to Hötorget metro station through the basement. Mitsubishi Estate London, advised by Europa Capital, expects to undertake a full refurbishment of the asset with a view to re-letting the building.
The project builds on the existing relationship between the two companies. Mitsubishi Estate is Europa Capital’s principal shareholder and the two companies are currently assembling a portfolio of commercial development properties in Europe through a separate investment strategy.
Yuichiro Shioda, managing director and CEO of Mitsubishi Estate London, said, “Trends in the Stockholm office market have bee
