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| AXA REIM acquires two police stations for MSEK 348 / €34.1m AXA Real Estate Investment Managers (AXA REIM) has acquired on behalf of one of its funds, Alternative Property Income Venture (APIV), from the Sveafastigheter managed Fund AEVS Sverige 1, two recently completed and occupied properties in Kalmar and Västervik. Both assets are fully let to the Kalmar County Police and Swedish Prosecution Authority on long term leases. Debt financing for the transaction was provided by Helaba (Landesbank Hessen-Thüringen) from Germany. The Kalmar asset comprises 11,200 sqm of predominantly office space. The property houses the regional headquarters of the Kalmar County Police Authority on a 20 year lease. The Swedish Prosecution Authority hold a 10 year lease on part of the property. Västervik comprises 4,000 sqm and is fully let to Kalmar County Police Authority on a 20 year lease. write your comments about the article :: © 2010 Construction News :: home page |