Following the acquisition, the property value in Stockholm totals SEK 7.6 billion, which represents 33 percent of Kungsleden’s entire portfolio.
Terminalen 2 is almost fully let to a number of recognised tenants such as LG Electronics, Onninen, Elgiganten and Renault among others, and has in addition to the leasable area of over 15,000 sqm unutilised construction rights of 7,500 sqm.
“We are happy to be able to extend our portfolio with a large and modern office property in northern Stockholm, which holds a high quality much thanks to Humlegården’s fine work and improvements. As the city grows this area will become even more attractive, which is already reflected in that several of the tenants have chosen to located their Nordic head offices here”, says Ylva Sarby Westman, Head of Transactions at Kungsleden.
Kungsleden is listed on Nasdaq Stockholm.
Kungsleden Acquires Office Property From Humlegården
Sweden — Kungsleden strengthens its position north of Stockholm by acquiring the property Terminalen 2. The property has a leasable area of over 15,000 sqm and the sales price is MSEK 285 (€30M). The vendor is Humlegården.