Klövern Acquires in Central Stockholm for Nearly €37 M

Sweden — Klövern acquires the site leasehold to the property Orgelpipan 4 from Axfast. The acquisition is Klövern's first in the central part of Stockholm and comprises a development property which is intended to be developed into a modern office- and retail property. The purchase price is SEK 340 million (€36,53 M).

2016-02-03

The property, which is situated close to Stockholm Central Station, has a lettable area of around 4,500 sq.m. and is almost fully let. The largest tenants are Electrolux Home, Svea Ekonomi and Snowfall. The rental value amounts to SEK 19 million (€2,04 M).

– This is a very exciting project in the heart of Stockholm where we will be a part of the transformation of Klarabergsgatan and the area between Sergels Torg and Stockholm Central Station, says Klövern's CEO Rutger Arnhult.

Transfer of possession will be on 5 April.