Mengus Sells for €130M in Stockholm

Mengus sells Solna Gate to Klövern at a value of SEK 1,2 billion (€130M).

Image: Mengus

Mengus Sells for €130M in Stockholm

Sweden — Private Equity firm Mengus’ first fund (Mengus 2005) sells the office property kv. Aprikosen 2, by Mengus named Solna Gate. The property encompasses approximately 35,000 sqm leasable area and is sold to Klövern at a underlying value of approximately SEK 1,2 billion (€130M).

2015-04-29

“We are very pleased to have completed our goal regarding development and leasing. Solna Gate was the largest and final holding in Mengus 2005 and it is gratifying to sum up a very positive result for the fund as a whole” says Per Niklasson, Senior Partner at Mengus.

The transaction was carried through as a company sale. Leimdörfer and Mannheimer Swartling were financial and legal advisors for Mengus in the transaction.

The purchases is Klövern.

“With this acquisition we further strengthen our position in Stockholm and acquire a number of new strong tenants” says Klövern’s CEO Rutger Arnhult.