“The building is vacant today but is located in an ideal location for a school and is of a size and configuration that enables a suitable conversion from the existing office use. Älvsjö is situated in the fastest growing urban area in Stockholm municipality and has a shortage of schools. The area is well served by public transport, with its mainline railway station only three stops away from Stockholm Central Station”, comments Ed Williams, Senior Partner at CapMan Real Estate.
 
“We are looking forward to starting the conversion work imminently and to a long and successful relationship with IES. The school will open in August 2016,” Ed Williams continues.
 
Kabelverket 6 is the CapMan Nordic Real Estate fund’s twelfth investment overall and its fourth in Sweden. The focus of the fund, established in 2013, is to acquire office, retail and residential properties located in established submarkets of major Nordic cities.