CMNRE III acquired the highly visible office building in Solna in December 2020, at a time when the property was almost completely vacant. The property comprises approximately 6,700 sqm of lettable area along with generous garage facilities. By securing a long-term lease with a Swedish law enforcement authority, CapMan Real Estate has enabled the transformation of Sadelplatsen 1 into a stable, income-generating asset. The building will now be renovated and purpose-adapted for the law enforcement authority, which will occupy the entire premises, ensuring the property’s long-term role in providing essential civic services.

The transaction represents the Fund’s third exit and reflects its strategy to actively managing and developing its portfolio through divestments where value has been realised. Closing is expected to take place during the first quarter of 2026.

“We are very pleased to complete this transaction with Vacse, a long-term and specialised owner of public sector properties. This exit demonstrates our ability to create value through active asset management and confirms that there is continued liquidity and strong demand for well-located, high-quality assets with secure end users,” says Magnus Berglund, Partner and Head of CapMan Real Estate Sweden.

Catella Corporate Finance acted as the Fund’s sell-side advisor and Mannheimer Swartling as legal advisor in the transaction.