The newly-acquired commercial property is located in Gothenburg and comprises a total of close to 5,000 square metres (4,754).

Timothy O'Reilly, managing partner at MKO, described the purchase as a "high quality five year investment".

Sweden's steady economy was a factor in choosing the location.

"We chose Sweden since it is at the hub of the Nordic region. Gothenburg has a reputation as a successful business region and is the fastest growing region in Sweden in terms of GDP, " he said.