A private investor, represented by international real estate advisor Savills, has purchased Jarfalla Campus in the Stockholm suburb of Jarfalla from Canadian listed company Zarlink Semiconductor. The price paid was SEK 110 million (€11.9 million.

Currently generating €1.5 million in rental income per annum, the property features six buildings totalling 20,000 sq m (215,278 sq ft) of office space set in 6.9 hectares (17 acres). Zarlink will continue to occupy 2,000 sq m (21, 528 sq ft) at the property in the form of its Medical Products Group on a lease expiring in 2020. Other tenants include American engineering giant and Silex and Swedice, manufacturerers of semiconductor products.

Ulf Nilsson, CEO of Savills Sweden, comments: “2010 has seen an increase in investment volumes for Swedish properties and investor appetite remains strong due to the greater ability to secure debt. The excellent tenant mix and strong rental value made the Jarfalla Campus a very appealing investment for our client and we were pleased to have secured it for them at a favourable price.”