Among the largest tenants are Mio, DHL, The municipality of Malmö, Corsec and Purac. In the acquisition Klövern will also take over the tenant improvement project for Mio in the property Lund Traktorn 2.
The rental value for 2016 amounts to MSEK 120 (EUR 12M) and the area-based occupancy rate to 75 percent. The average remaining lease contract period is just over three years.
 
"This acquisition means an increase of just over 50 percent of Klövern's property portfolio in Malmö and more than a doubling in Lund, which give us the possibility of becoming a much stronger and more competitive player in the property market of the Öresund region. We also increase the number of unique tenants by more than 90," says Klövern's CEO Rutger Arnhult.

“In connection with the Norrporten acquisition, Castellum had already announced upcoming divestments of SEK 4 billion, targeting properties which do not comprise a long-term strategic holding  – all with the purpose of retaining a strong balance sheet and creating an enhanced property portfolio in the future. This transaction is the first step, which enables us to refine the portfolio in Malmö and Lund to selected sub-markets," says Henrik Saxborn, CEO of Castellum.

The acquisition will be financed through a combination of bank loans and equity.

MAQS has been adviser to Klövern in the transaction.

Properties included in the transaction

Malmö:
Segevång: Murman 7, 8 and 11, Stillman 40, Skjutsstallslyckan 3, Haken 3.
Bulltofta: Flygfyren 1, Flygvärdinnan 4, Flygledaren 3, Skevrodret 1, Höjdrodret
3.
Östra Hamnen: Lillgrund 5, Bjälken 3, Betongen 11.
Jägerso: Nejlikebuketten 4 and 6, Vårbuketten 3.
Höja: Brandnäven 1 and 2, Svedjenäven 3 and 4.
Lund:
Annedal 9, Traktorn 2 and 4, Trumlan 1, Välten 4 and 5, Ådret 12.

Transfer of possession will be on 1 December 2016.