Swedish AP Fund owned Cityhold signs first acquisition in Germany
Cityhold Property AB has agreed to acquire a Munich based office property from IVG Institutional Funds GmbH. The centrally located freehold office building will be Cityhold’s first acquisition in Germany. The property provides circa 15,000 square metres of modern office space and is multi-let to a diverse mix of strong covenant tenants.
Cityhold is a wholly owned subsidiary of AP Fund 1 and AP Fund 2 (two of the five buffer funds for the National Pension Fund of Sweden) and focuses on core European office investments of approximately EUR 50 million and above.
Cityhold was advised by Mannheimer Swartling in the transaction. The firm’s team in Germany included Maria Wolleh, Thilo Schulz, Alexander von Kleist and Malte Woock.