The property is located in Torslanda northwest of Gothenburg and is covered by offices, workshops and car sales with a total area of ​​approximately 10,500 square meters and a parking garage of approximately 8,500 square meters in direct connection. On behalf of Volvo Cars AB, Tornstaden has been responsible for project development and construction on a general contract and the plant was completed in 2018.

“When we finally chose to sell the property to free up capital for the development of future projects, it was important for us to find a serious and long-term buyer who can continue to run quality management. We feel very confident that Pareto Securities and Borglanda Fastighets AB fulfill these requirements," says Tornstaden's CEO Jan Edlund.

The state-of-the-art facility, which has a strategic location at the main entrance to Volvo Cars' factory in Torslanda, is Volvo Bil's largest car service facility and a profile house that is a reference for their upcoming project. The new owners took office in early December.

“We are very pleased with the acquisition of this modern and high-quality property in a strategic location with a very strong tenant. The property meets our requirements profile in terms of quality, long-term and strong cash flows," says Hampus Ållemark of Pareto Securities AB.