Fastpartner Acquires Solna Port
Sweden Fastpartner has acquired the property Brahelund 2 (Solna Port) in Solna from Areim for SEK 1.935 billion (EUR 190M) after deduction of deferred tax. The property has a rentable area about approximately 41,000 square meters of LOA and 625 garage spaces and the annual rental income amounts to approximately MSEK 123 (EUR 12M).
With the acquisition, Fastpartner strengthens its position in Solna. After the acquisition, approximately 87 percent of Fastpartner's rental income comes from the Stockholm area. Fastpartner will enter the property on February 1, 2019.
"Fastpartner not only strengthens its position as a property manager in Solna, but also acquires a high quality property with a strong overall solution for tenants. This gives Fastpartner a product for the future that can meet the demand of tenants looking for an alternative to Stockholm's inner city. Fastpartner focuses on acquisitions and new construction of properties with high environmental classification," says Sven-Olof Johansson, CEO of Fastpartner.