“Brädstapeln 16 is a prime example of the type of real estate investment Areim targets. A project that allows us to add lasting value to the urban landscape and create a proud legacy for generations to come. Our business model includes handing over ownership of assets to owners with a track record of responsible and forward-looking property management. We’re therefore very pleased that KPA Pension has acquired Brädstapeln 16”, says Therese Rattik, CEO of Areim.
"We are pleased to be able to acquire a large and really good property in a good area in Stockholm where demand for the office rental market is very good and will be further strengthened in the future. The acquisition is fully in line with the strategy to increase the proportion of properties in KPA Pension's capital portfolio," says Lars Johnsson, property director for the Folksam Group.
The property is one of the city’s greatest architectural gems, the realization of an audacious design by the original architects Tengbom and Salamon. Following the acquisition of Brädstapeln 16 in 2014, Areim embarked on a process to revitalize the building complex by integrating it within the neighborhood. The entire property was upgraded to meet modern requirements while retaining the building's unique architectural qualities.
“It has been a both fascinating and rewarding experience to develop and upgrade the Brädstapeln 16 property. Our strong partnerships with the City of Stockholm, our consultants, and contractors have been key to the project’s success. Not only have we brought the building up to date, we have also opened up the largely closed premises to the general public. The addition of shops, fitness center, and restaurants will revitalize the neighborhood outside office hours and boost the general sense of safety. The wide variety of new services will benefit both residents, office workers, and visitors”, comments Erik Ullsten, property manager at Ariem.
The sale of Brädstapeln will be completed on November 1, 2019.