The project, located next to the Central Station in Södertälje, has gathered great interest and new lease agreements have already been signed with:

# ÅF AB, an engineering and consultancy company, leasing 1,000 sqm during five years.

# The fitness club Flex Sverige AB, leasing 1,400 sqm during ten years.

# Tidermans Café, leasing 255 sqm during ten years.

This means that 50 percent of the leasable area is leased before construction has started, with negotiations being held for the additional space. The investment amounts to approximately MSEK 125  and is expected to obtain a yield of close to 9 percent.

“Enen 10 is a well-known property with a first class location in the central parts of Södertälje, however it needs renovation. ÅF is anticipated to move in this autumn and we expect the project to be completed by year end 2017. We see a great potential in Södertälje with Enen being an important profile property in the area”, says Frida Stannow Lind, Head of Property Development at Kungsleden.