Launched in 2011, MENGUS 2011 is a closed-end fund that focuses on commercial real estate in the Stockholm area.
The fund’s mandate is to invest in partly vacant office property with a potential for value enhancement through active refurbishment and leasing efforts. The fund has SEK 860 million in commitments from institutional investors. The first property acquisition was made in 2013 and the fund became fully invested in 2015. The fund’s property portfolio includes three large office properties in the vicinity of the Central Station area in Stockholm CBD as well as one major asset in the vibrant Solna market.