Kadetten 29 is an office property on Karlbergsvägen 77-79 in the heart of Birkastan. Fridhem and Patriam see an attractive development potential in the property and a detail plan is underway with the goal of enabling construction of approximately 90 properties above eight floors. The property is taken possession of on February 15th 2017. The deal is partially financed by an emission of preference shares of EUR 24M directed towards international investors.
 
“Through this emission we enable this very interesting deal and open a new funding source for Fridhem. We are very happy with the great confidence the investors have shown us,” says Jens Rastad, CEO at Karlbergsvägen 77 Fastighets AB and Fridhem Fastighetsutveckling Stockholm AB.
 
“The property has a unique location in Birkastan and we see great possibilities to develop fantastic apartments during the next few years, in line with out strategy of exclusive and sustainable living where our vision is to create space and time for the good life” says Andreas Holmberg, CEO at Patriam.