Glasiären is a newly-erected commercial building in Gothenburg with a lease area of approx. 12,400 sqm across five floors with offices, retail space and a training centre, as well as basement parking. The building is 100 % leased on long contracts with a majority of public sector tenants. The property is valued at MSEK 500 (€54 M).

Glasiären was erected as a turnkey contract by AF Bygg Göteborg and built according to the Silver standard under the Swedish environmental building certification system Miljöbyggnad, with tough requirements to energy efficiency and sustainability. The building has a unique architectural expression and is in the heart of the new Kvillebäcken, one of the future hubs of the new Gothenburg. On the neighbouring lots, development of a total of 2,000 flats is coming to a close.

“We are proud of having developed and built an attractive landmark in an exciting area of Gothenburg in cooperation with our partners, and take note that interest in this building in the sale stage has been considerable,” says Morten Grongstad, CEO of AF Gruppen.

CBRE was advisor to the seller.