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.


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

Alma Sells to Pareto Company

Sweden Sweden Alma Property Partners has sold a portfolio comprising eight warehouse and light industrial properties in southern Sweden to Logistri, a newly established company managed by Pareto Securities. The portfolio includes a gross lettable area of 100,000 square metres. The properties are fully leased with a weighted average lease length of 15 years.

Huge Investment in Research Facility in Gothenburg

Sweden Sweden Vectura and Next Step are building a new arena for Life Science and Innovation in collaboration with Astra Zeneca. The venture is estimated at approximately EUR 365M.

Klövern in Property Swap Deal with Corem

Sweden Sweden In a property swap deal with Corem, Klövern acquires three properties in Norrköping and one site leasehold to a property in Stockholm, and sells three properties and one site leasehold to a property in the Stockholm area.

Skanska to Build for Fabege in Stockholm

Sweden Sweden Fabege has commissioned Skanska to build the Hammarby Terrassen property, and the project will be run as a collaborative venture.

Tyréns to Strengthen The International Offer

Sweden Sweden Tyréns has completed its second strategic investment in the UK engineering market by acquiring a stake in Hilson Moran, which was previously backed by private equity investor Albion Capital.

Skandia Purchases 19,400 sqm in Metropolitan Stockholm

Sweden Sweden Skandia Fastigheter purchases five social properties with schools, health and social care of a total of 19,400 square meters in metropolitan Stockholm.

NREP Divests in Täby

Sweden Sweden NREP has sold the community center Näsbypark Centrum in Täby, Stockholm.

Continued Divestment for Magnolia

Sweden Sweden Magnolia Bostad divests the Fasanen project located in Central Arlöv, Burlöv’s municipality, encompassing 275 rental units. The divestment refers to, among others, the Burlöv Arlöv 20:58 property and the property value upon completion is estimated to approximately EUR 49M.

Rikshem Purchases Project Property

Sweden Sweden The project property is located in Central Uppsala where a social property with 105 new care facilities will be erected. The seller is Fastighetsförädlarna i Mälardalen and a 15 year lease has been signed with Attendo Sverige.

Svevia to Sell 158 Properties

Sweden Sweden In an upcoming giant deal Svevia will sell 158 properties in strategic locations across the country.