04. Juli 2012 
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AXA Real Estate sells Swedish portfolio to FastPartner
AXA Real Estate Investment Managers announces that, on behalf of the European Added Value Fund “EAVF”, it has sold a portfolio of 15 properties in Sweden to FastPartner.
The Portfolio comprises 15 properties located throughout Sweden which have a total lettable area of approximately 52,000 sqm. The portfolio is predominantly let to Mekonomen, Scandinavia’s largest car repair chain, and includes Mekonomen’s central distribution warehouse the Bussen 3 logistics property.
Henrik Bastman, Head Of Asset Management - Nordic Region, commented on the disposal: “As the EAVF approaches the end of its natural life, this sale is part of our strategy to undertake an orderly sales process in order to maximise returns to investors. The sale underlines the fact that there is good demand for quality assets let to strong tenant covenants.”
The Portfolio comprises 15 properties located throughout Sweden which have a total lettable area of approximately 52,000 sqm. The portfolio is predominantly let to Mekonomen, Scandinavia’s largest car repair chain, and includes Mekonomen’s central distribution warehouse the Bussen 3 logistics property.
Henrik Bastman, Head Of Asset Management - Nordic Region, commented on the disposal: “As the EAVF approaches the end of its natural life, this sale is part of our strategy to undertake an orderly sales process in order to maximise returns to investors. The sale underlines the fact that there is good demand for quality assets let to strong tenant covenants.”
