Areim Expands Light Industrial Holdings with Sollentuna Acquisition

Deal News | Nov 28, 2024 | Areim Property Holding

Areim Expands Light Industrial Holdings with Sollentuna Acquisition

Areim Property Holding has strengthened its presence in the Swedish light industrial market by acquiring four properties in Sollentuna Municipality, north of Stockholm. The properties, located in the Edsberg industrial area, cover approximately 20,000 square meters of lettable area and are 92 percent leased to a mix of attractive tenants. These properties are situated near residential areas and a local center, offering convenient proximity to the motorway. Areim plans to implement several maintenance and refurbishment measures to enhance energy performance. Jesper Warn, Head of Light Industrial Investments at Areim, expressed satisfaction at acquiring such strategic assets in a challenging market environment. Over the last year, Areim has grown its Swedish portfolio from approximately 210,000 square meters to 275,000 square meters of lettable space, including unused building rights and ongoing developments. The seller of these properties is Castellum.

Sectors

  • Real Estate
  • Light Industrial Property

Geography

  • Sweden – Areim's acquisition occurred in Sweden, specifically in the Greater Stockholm area, making this the central geographical focus.
  • Stockholm – The acquired properties are located in the Sollentuna Municipality, north of Stockholm, highlighting the importance of this locale.

Industry

  • Real Estate – The article discusses Areim's acquisition of industrial properties, which falls under the Real Estate sector.
  • Light Industrial Property – The focus on acquiring and managing light industrial facilities denotes this specific subsector within the broader real estate industry.

Financials

    Participants

    NameRoleTypeDescription
    Areim Property HoldingAcquirerCompanyAreim is the private equity firm expanding its portfolio by acquiring the properties.
    CastellumVendorCompanyCastellum is the company selling the properties to Areim.
    Jesper WarnHead of Light Industrial InvestmentsPersonJesper Warn is a key executive at Areim responsible for overseeing the light industrial acquisitions.
    Patrick LindstrmPR and CommunicationPersonPatrick Lindstrm is the contact person for Public Relations and Communication at Areim.