26. Juli 2010     Print Print 

Valad Europe appointed as real estate investment manager of €480 million Swedish portfolio

Valad Europe has been appointed by Kefren Properties IX AB (Kefren) as investment manager of its €480 million real estate portfolio in Sweden for a term of five years.

The Kefren portfolio comprises approximately 150 properties totaling more than 827,000 sq m of lettable area. The portfolio consists of predominantly office assets, and also includes warehouse and retail space, with tenants including Ericsson, Volvo and SKF.

Ole Vagner, Chairman of Kefren, said: “We wanted an investment manager with a strong presence in the Nordic region and the right resources to work through all the complex issues of this large portfolio.”

Including the Kefren portfolio Valad will manage a total of around 2.5 million sq m of property with a value of approximately €1.6 billion, across the Nordic region.