CapMan Nordic Real Estate II acquired Assa Abloy Opening Solutions Sweden AB’s office and industrial facility in Eskilstuna in a sale and leaseback transaction in March 2018 last year, where ASSA agreed to take a 3-year lease of the property.  Since then, ASSA has reviewed its long-term strategy and decided to extend its lease on 11,000 sqm for a period of 12 years. As part of the new lease, CapMan Nordic Real Estate II will build a new 1,500 office for Assa and refurbish the existing warehouse, production and office space.

“We are very excited to sign a long-term agreement with Assa Abloy who we think is an ideal tenant for this property given the size and quality of its business and its long history and importance in the local area.  Completion of this lease is the first key step in our business plan for the property and we look forward to further enhancing the property with other projects we are currently working on,” comments Per Tängerstad, Partner at CapMan Real Estate.

Wigge & Partners acted for CapMan in the transaction.