LaSalle Investment Management has sold a high quality office building in the Swedish IT centre of Kista to Nordika Fastigheter AB on behalf of its LaSalle Euro Growth II Fund.
The property is 25,000 sqm and accommodates offices, a restaurant, a gym and some private schools and is located close to the city of Stockholm along the E4 highway to the airport. Existing tenants include leading European firms including Ericsson, Infineon and ReadSoft.
Tenzing based in Stockholm advised LaSalle Investment Management on the deal.
The LaSalle Euro Growth II is a closed-end pan-European real estate fund with an investment capacity of €1bn which is invested in commercial properties in Europe. Investors include major pension funds, institutional and high net worth investors from Europe and the Middle East.
