Sweden leads the way as the Nordics power ahead
In the first three months of 2016, Sweden saw a record €3.8 billion of investments in commercial real estate, a 39 percent increase over Q1 2015, according to Savills.
Office acquisitions led the market with 24 percent of total transaction volume, followed by retail and industrial at 20 percent and 19 percent, respectively. HIG Capital recently acquired a portfolio of retail assets in Sweden, marking its fourth investment in the Nordic countries, according to a statement.
Riccardo Dallolio, managing director at HIG, says that “both the Italian and the Nordic markets are key for HIG’s real estate strategy in Europe and we continue to actively look at opportunities in the small/mid-cap sector in both regions.”
HIG is not the only recent investor in the region. In March, Standard Life Investments European Real Estate Club II acquired two mixed-use properties in Aarhus, Denmark. The Regina Building features 12,200 square metres of retail and office space, wh