Nuveen Investments Inc.

10/03/2024 | News release | Distributed by Public on 10/03/2024 12:10

CityWatch Stockholm Real Estate

Nordic Powerhouse: Stockholm is the capital city of Sweden, the largest country in Scandinavia, on many measures the most developed region in the world.

Our real estate research team has analyzed more than 4,000 cities and identified the top 2% we believe are best positioned to benefit from global megatrends. Stockholm is one of these cities:

Investment opportunity: Self-Storage real estate1

  • Stockholm is among the most mature self-storage cities in Europe, with public awareness of the product being the highest, second only to the UK.*
  • A city at the forefront of innovation, Stockholm features the most advanced automation technology in its self-storage facilities. Operators benefit from increased sales conversions, enhanced productivity and reduced staff costs.
  • Self-storage in Stockholm has demonstrated remarkable resilience during the recent Covid crisis, maintaining occupancy consistently close to 90% during 2021 and 2022. While operators were still able to push up rates with double-digit growth year on year, a trait highly appealing to investors in the context of decades-high inflation.

Outstanding Quality of Life2

Monocle magazine has published its city quality of life survey since 2006. In the latest 2023 ranking Stockholm is the 5th most livable city in the world.

Leading city in the Nordics

Stockholm is the largest capital city in the Nordics, ahead of Copenhagen, Oslo and Helsinki.

Home of global companies3

The global security giant Securitas, the fast fashion leader H&M, the EV battery innovator Northvolt, global telecoms provider Ericsson, traditional truck maker Scania, globally operating pharmaceutical AstraZeneca as well as the most popular music app Spotify are at home in Stockholm.

Oldest central bank in the world4

Sveriges Riksbank is the central bank of Sweden. Founded in 1668, it is the world's oldest surviving central bank, and the third oldest bank in continuous operation. While founded as a private bank the Swedish king chose its management before it became a modern central bank in 1897.

Stockholm is a city of islands5

The city of Stockholm sits on 14 islands, which are connected by 57 bridges. Each island has its own history and unique characteristics. Beyond the city lies the Stockholm archipelago, which consists of over 30,000 islands, skerries and rocks.

Stockholm is a pioneer for sustainable cities6

Since 1990, the city's climate impact and greenhouse gas emissions have decreased by more than half, while the city has grown and increased its population significantly during this time. Reduced emissions and increased carbon sequestration should ensure that the city is climate-positive by 2030 and fossil fuel-free by 2040. Also, 80% of Stockholm's heating comes from district heating, which uses local resources such as burnt rubbish or captured excess heat from industrial production or data centers to heat up water and distribute it to everyone connected to the system.

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