The property built 1917 comprises 10,300 sqm of lettable area. The property is located on eastern Södermalm in Stockholm, an area which is under extensive development including a new mtero station to be opened.
"Over the last three years we have been building our network of operating partners in the Nordic region and we are very happy to have worked with Scius to make our first investment in Sweden. Barnängen 6 is a building with incredible character and great value-add potential," says Anuj Mittal, Co-portfolio Manager for Angelo Gordon's European Real Estate Funds.
"The property has unique qualities in an expansive location and we look forward to developing it together with Angelo Gordon," says Mikael Freudmann at Scius Partners.
"We have owned Barnängen since 2005 and are now handing over to Angelo Gordon and Scius to continue the development of the property," says Anna Berfenstam at AFA Fastigheter.
Scius and Angelo Gordon were advised by Linklaters and AFA by L&L Advokatbyrå.
Angelo Gordon Makes First Swedish Acquisition
Sweden — American Angelo Gordon, together with Scius Partners, has acquired the office property Barnängen 6 in Södermalm, Stockholm from AFA Sjukförsäkringsaktiebolag. The property built 1917 comprises 10,300 square meters of lettable area with large windows and generous ceiling heights. The property is located on eastern Södermalm which is under extensive development including a new metro station to be opened.