CapMan Nordic Real Estate III has signed a deal to sell the development property Sadelplatsen 1 in Solna to Vacse, marking a strategic exit as the property transitions to long-term public sector use.

Information on the Target

CapMan Nordic Real Estate III FCP-RAIF (CMNRE III) has entered into an agreement to sell Sadelplatsen 1, a development property situated in Solna, approximately 5 kilometers from central Stockholm, to the Swedish real estate firm Vacse. This divestment marks a significant milestone in the property's lifecycle, transitioning it toward redevelopment and adaptation for public sector usage.

Originally acquired by CMNRE III in December 2020 when the property was almost entirely vacant, Sadelplatsen 1 features around 6,700 square meters of lettable area along with ample garage facilities. After securing a long-term lease with a Swedish law enforcement authority, CapMan Real Estate has successfully repositioned Sadelplatsen 1 as a stable, income-generating asset. The building is now set to undergo renovation and purpose adaptation to accommodate the law enforcement authority, which will occupy the entire premises. This strategy ensures the property's long-term viability in delivering essential civic services.

Industry Overview in Sweden

The Swedish real estate market has shown robust resilience, characterized by strong demand for commercial properties, particularly those intended for public sector use. Urban areas, particularly Stockholm, continue to experience an influx of i