Global alternative investment manager The Carlyle Group has acquired an office and residential-led mixed-use portfolio in the Nacka Strand area of central Stockholm for SEK 2.95 bn (EUR 337 mln).

Carlyle carried out the investment through its third European real estate fund CEREP III, which raised EUR 2.2 bn of equity.

The portfolio comprises 16 freehold properties containing 49 buildings which provide 197,775 m2 of space to let, along with parking facilities for around 2,000 cars.

Thomas Lindstrom, managing director at Carlyle European Real Estate and head of its Swedish operations, commented: 'This is a really prime asset with significant potential for future development to further enhance both the residential and office facilities. We are very pleased to have concluded this transaction which underlines our ability to act quickly in sourcing and executing attractive deals that allow us to create value for our partners.'

The vendor was Vasakronan, a property company owned by Sweden's AP national pension funds. Vasakronan owns and manages a portfolio of 219 office and retail assets in Sweden.