Valad Europe, a pan-European multi-let real estate investment management business, has been appointed by Kefren Properties IX as investment manager of its EUR480m real estate portfolio in Sweden for a term of five years. The Kefren portfolio comprises approximately 150 properties totaling more than 827,000 square metres of lettable area. The portfolio consists of predominantly office assets, and also includes warehouse and retail space, with tenants including Ericsson, Volvo and SKF. Ole Vagner, chairman of Kefren, says: “We wanted an investment manager with a strong presence in the Nordic region and the right resources to work through all the complex issues of this large portfolio.”