5 May 2009, Malmö, Sverige
Nordic Aktiv Property Fund sells in Malmö
Valad Property Group has just sold Prästgårdarna 5, a centrally located property in Malmö. The 10,493 sq.m. property has been acquired by four private investors at a price in line with external evaluation. The property is sold because it does not fit the Valad fund strategy.
"Our fund strategy is holding high-yielding properties, not CBD properties. Therefore, when the opportunity of selling Prästgårdarna in par with valuation rose, we were happy to make the deal, " says Michael Bruhn, Head of Nordic, Valad Property Fund.
Prästgårdarna 5 is sold on behalf of Nordic Aktiv Property Fund, a fund under management by Valad Property Group. It consists of 7,426 sq.m. of office, 2,215 sq.m. of retail and 1,032 sq.m. of residential and storage. The seller's advisors have been Catella Corporate Finance and Linklaters Advokatbyrå.