The underlying property value amounts to SEK 2.6 billion. Rental income is estimated to amount to approximately SEK 93 million, excluding rent supplements. The building is under construction and construction started in 2018. Completion and access is expected to take place during the second quarter of 2021.
"We want to invest in modern quality buildings with a good environmental profile at central hubs. This building stands out well in such a perspective. Having completed several large real estate transactions in Denmark and Norway before Christmas last year, we are now very pleased to be able to present our largest single transaction in Stockholm ever," says Gunnar Gjørtz, CEO of KLP Eiendom.
The property is located in Stockholm's inner city, in dynamic Hagastaden, adjacent to Karolinska Hospital Karolinska Institutet and Biomedicum. KLP's Real Estate 'Torsplan' is in the immediate vicinity. Hagastaden stands out as a life-science cluster that has attracted operations in prominent high-quality research and development.
The building is spread over 11 floors and two basements. Rentable area amounts to approximately 23,000 sq.m. The biotechnology company RaySearch and the Stockholm region are tenants. The building will be certified as Environmental Building and BREEAM.
"The property complements our Swedish portfolio in an excellent way and it will be a profile property in dynamic Hagastaden. We have been established in Hagastaden since the beginning and it is an attractive area that is only getting better as more and more buildings are completed and service and supply are added and soon there is also a subway line of its own," says Anette von Mentzer, Head of Real Estate at KLP Fastigheter.
"The sale is a natural step as the building is an office property that does not meet Hemsö's criteria for the definition of a community property. We are also pleased that we have received a buyer who is a professional and long-term owner,” says Nils Styf, Hemsö's CEO.