Kungsleden Makes Strategic Stockholm Acquisition

Kungsleden acquires the property Gladan 4 in Stockholm.

Image: Gustav Kaiser

Kungsleden Makes Strategic Stockholm Acquisition

Sweden — Kungsleden continues to expand its office portfolio and strengthen its presence in the existing Stockholm City West cluster through the acquisition of the Gladan 4 property in Kungsholmen for SEK 428 million.

2019-12-09

The property will be acquired from Areim and includes a 7,600 sq.m office building. The annual rental value is just over SEK 25 million and the largest tenants are LRF Konsult, Förlagssystem, Region Stockholm/Stockholms Läns Landsting and GEP Communication Group. The transaction will be finalised on December 12, 2019.

Kungsleden already owns six properties in Stockholm City West and with Gladan 4, the total area of the cluster will amount to approximately 58,000 sq.m.

“The acquisition gives us even greater opportunities to further develop Stockholm City West aa a modern and sustainable office cluster with attractive and inspiring places. The area is located both centrally and close to water and green space. We have our head office here ourselves and believe it is an excellent area,” says Ylva Sarby Westman, Deputy CEO and Chief Investment Officer at Kungsleden.

Axel Ohlsson

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