Corem Acquires from Stendörren

Sweden Sweden Corem buys 19,100 square meters in Veddesta, Stockholm, from Stendörren for MSEK 325.

2018-10-22

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Corem expands its real estate portfolio in Region Stockholm through acquisition of the property Veddesta 2:43 in Järfälla municipality. The property comprises more than 19,100 square meters of rentable area, with mixed use for offices, production and warehouses. The property is rented to a number of tenants, with an average rental period of more than ten years. Total annual rental value is approximately MSEK 29 and initial rental rate 91 percent. The seller is Stendörren.

The transaction is made as a company acquisition at an underlying property value of MSEK 325 million, with access on November 15.

"It feels good to be able to make another significant acquisition in Region Stockholm. The development in Veddesta looks exciting and, as an already established player in the area, we create a fantastic management unit. With this acquisition, we manage close to 90,000 square meters of premises within a square kilometer in Veddesta," says Eva Landén, CEO of Corem.

"During our ownership, we have actively developed this property and created an attractive office and industrial property while at the same time meeting the tenants' wishes to grow. This means that we now sell a property with completely different conditions than before. We have completed our business plan and now hand over the ownership to Corem," says Stendörren's CEO Fredrik Brodin.




Axel Ohlsson
axel@nordicpropertynews.com




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