Mengus Divests the Copper Building to Folksam

Sweden Sweden Mengus’s second fund Mengus 2011 divests the office property Duvan 6, also known as the Copper Building, in central Stockholm.

2017-06-01

Share via e-mail

The plot encompasses approximately 9,700 sqm leasable area and is divested to KPA Pensionsförsäkringar, which is a daughter company to Folksamgruppen.
 
The property on Klara Södra Kyrkogata was purchased by Mengus in August 2014 when all leases were up. Since then Mengus has upgraded and refined copper Building, renegotiated the ground rent, extended the existing leases and in addition signed new deals with new tenants. Today the Copper Building has an occupancy rate of approximately 99 percent and the largest tenant is Jag, Småa and Svenska Kyrkan.
 
“We are very happy to have carried through our business plan and reached our goal in regards to development and leasing. Copper Building is Mengus 2011’s first divestment this year,” says Per Niklasson, Managing Partner at Mengus.
 
The transaction was carrie through as an annual sale. Cushman & Wakefield and Mannheimer Swartling were Mengus’s financial and legal advisors in the transaction.
 
“It is gratifying that we get the chance to acquire this office property in the most central parts of Stockholm, where the demand of offices is very high and still increasing. The location must be one of the best for offices in Sweden,” says Lars Johnsson, Manager of Folksamgruppens Property Activities.
 
The property is certified according to the environmental certification system Breeam In-Use.
 
The purchase price is not public.




Axel Ohlsson
axel@nordicpropertynews.com
fastighetssverige.se




Triuva Acquires Office Building in Stockholm

Sweden Sweden Pan-European institutional real estate investment manager Triuva has acquired a 6,700 sqm office building, Lammet 17, in central Stockholm from Slussgården, a subsidiary of SKL Fastigheter and Service AB.


NCC to Build 644 Apartments in Uppsala

Sweden Sweden NCC has been commissioned to construct an additional 644 apartments in central Uppsala for Magnolia Bostad. The construction assignment marks the second phase of the Senapsfabriken property block. The order value is approximately EUR 67M.

Skanska Builds Rental Apartments in Stockholm

Sweden Sweden Skanska has signed an agreement with Familjebostäder to build a block consisting of 178 rental apartments in Stockholm. The contract is worth about EUR 41M.

Akelius Sells for EUR 391M

Sweden Sweden Akelius has agreed to sell 61 properties in Helsingborg to Willhem and Folksamgruppen.

Hemfosa Acquires Large Portfolio in Halmstad

Sweden Sweden Hemfosa has signed an agreement to acquire a portfolio of ten properties located centrally in Halmstad for an underlying property value of EUR 109M.


Heimstaden Acquires 1 601 Apartments in Umeå

Sweden Sweden Heimstaden has purchased 1 601 apartments from Bostaden in Umeå.

Intea Acquires for EUR 113M in Kalmar

Sweden Sweden Skanska has divested three buildings at Linnaeus University in Kalmar, Sweden, to Intea Fastigheter.

European Fund Makes Acquisition In Sweden

Sweden Sweden In a sale and purchase agreement with the European property fund Kildare Partners, Kungsleden is selling 18 industrial and warehouse properties in 13 municipalities at a total sales price of MSEK 882 (EUR 81M) before deduction for deferred tax.

Svenska Handelsfastigheter Purchases for Half a Billion from Standard Life

Sweden Sweden Svenska Handelsfastigheter acquires a portfolio of seven retail properties for a purchase price of EUR 54M, from Standard Life Investment European Property Growth Fund, EPGF.

Förvaltaren Sells for EUR 64M

Sweden Sweden Förvaltaren in Sundbyberg, Stockholm, has sold the property Terränglöparen 9 in Hallonbergen to the housing cooperative Terränglöparen 9 for a conversion to condominiums.