INTRENOS Global Investors has completed the €33.2 million (£23.5 million) sale of a Stockholm office building to Mengus Twelve AB on behalf of the EURO OFFICE 1 fund.
The seven-storey property, located at Råsundavägen 18-20 (pictured) in the Solna sub-market of Stockholm, was constructed in 2002 and provides 10,141 sq m (109,156 sq ft) of lettable office space. The Solna district is particularly popular with businesses in the life science, wholesale, retail and transport sectors.
INTERNOS is an owner-managed pan-European real estate fund manager with €3.5billion (£2.46 million) of assets under its management.
EURO OFFICE 1 was launched in 2003 and adopts a low-risk core investment strategy, focusing on the leading Eurozone and Scandinavian markets. The fund currently has approximately €127 million (£89.4 million) of assets under its management.
Following the disposal of the Stockholm asset, the fund now comprises six properties located in Germany, Portugal, France and the Netherlands.
Mengus Twelve AB is a subsidiary company of Mengus Stockholm 2011 AB, which is a fund specialising in value add real estate investments in the greater Stockholm area.
INTERNOS was advised by CBRE and Setterwalls. Sweco and Roschier acted for Mengus Twelve AB.
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