PATRIZIA AG, a leading partner for global real assets, has acquired a residential development near Stockholm, Sweden, for EUR 62 million from Scandinavian Property Group (SPG), on behalf of a pan-European residential strategy.
The property is a 10,600 sq m development comprising 189 modern apartments across two buildings, as well as a commercial unit on the ground floor that is leased to ICA, a well-known food retailer. The building will be completed in January 2022.
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