Two of the properties are located in Jordbro and the third in Vårberg.

The properties are estimated to generate annual rental income of MSEK 85 (€9M).

Seller is Patrizia Wohn Invest Kapitalverwaltungsgesellschaft mbH for the account of the German special fund Patrizia Euro City Residential Fund I.

The acquired portfolio consists of 1009 apartments and a total lettable area of 93000 sqm.

The two properties in Jordbro are located adjacent to D. Carnegie & Co’s existing portfolio in the area.

- These are exactly the kind of properties that D. Carnegie & Co is interested in acquiring. Attractive locations, low current rent levels and with a strong potential for further development and thus improved NOI, says Ulf Nilsson, CEO of D Carnegie & Co.

Closing is expected to occur in July.

Catella in Stockholm acted as advisor to Patrizia.