Savills has promoted Fredrik Östberg to head of investment at the firm's Sweden office.

Fredrik, who joined Savills in 2011 as a director in the investment team and has extensive experience in the Swedish real estate industry, will lead the five-strong investment division in Sweden who have been involved in transactions totalling approximately SEK 11 billion during the last 18 months.

Fredrik's promotion follows the departure of Johan Bernström who formerly lead the team.

Borja Sierra, CEO of Savills Europe, comments: "Fredrik has an established reputation in the Swedish investment market and has developed strong relationships with Savills clients in his time with the company. He will therefore be able to ensure a consistency of service for our existing clients and a targeted approach to expanding the business.

Fredrik adds: "I am very pleased to be taking on this new role within the Savills Sweden business and am very much looking forward to building on the existing success of the investment team and providing a first class service for clients.

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