Swedish savings and insurance company SPP, part of Norway's Storebrand Group, has announced the purchase of the Svartbäcken 52:9 property in Uppsala, Sweden from Nordisk Renting. Although the acquisition volume was not disclosed, Swedish media reported a price of SEK 400-500 mln (EUR 50 mln).

The property, which houses the local police authorities on a long term lease, was built in 2003/04 and provides around 21,000 m2 of leasable space plus a 3,000-m2 parking lot.

'The investment fits well in SPP's investment strategy of acquiring properties with stable cash flows from national and local tenants,' said Tomas Svensson, CEO of Storebrand's real estate arm.