REAL advised Urban Partners on the acquisition of a portfolio of seven properties in Järfälla from opportunistic funds managed by Blackstone, managed by Mileway.

The acquisition was made through the fund Nordic Income + (NIP) and represents the first step in a newly formed joint venture between Urban Partners and Suburban Properties, established to build a warehouse and light industrial platform in Greater Stockholm metropolitan area. The portfolio comprises a total leasable area of approximately 17,000 sqm and is located in an established business area in Järfälla, approximately 25 minutes from central Stockholm, with proximity to the E18 motorway, Barkarbystaden and regional public transport. The properties consist of a mix of warehouse, workshop and office space suitable for small and medium-sized businesses.

The transaction is the first investment in a broader strategy targeting a warehouse and light industrial portfolio of approximately SEK 2.5 billion in Greater Stockholm metropolitan area, with a focus on acquisitions and active asset management.

– We are pleased to have advised Urban Partners on this transaction, says Patrik Lilieblad, Partner at REAL Advokatbyrå.

Urban Partners, founded in 2005 as Nrep, is a leading European urban investor with a 20-year track record of delivering strong, risk-adjusted returns through market cycles. We develop, actively manage and finance high-quality assets in attractive locations across Europe. Urban Partners has €25 billion in assets under management through multiple strategies across the capital structure. We invest with high conviction in urban environments where we see strong, resilient economies and outsize growth potential.