Patrizia has acquired a newly built residential property in Kista one mile north of central Stockholm for approximately SEK 400 million from Fabege and SHH. The investment is made through Patrizia PanEuropean Property Limited Partnership, the company's flagship an open investment fund. Kista is Europe's largest cluster for information and communication technology, globally only surpassed by Silicon Valley. Patrizia's assets under management (AUM) in the Nordic region currently amount to more than SEK 17 billion.
The asset is 6,700 square meters and consists of 130 modern apartments and four commercial units on the ground floor. The building was completed in February 2021.