The 12,000 sqm property developed in 2002 is currently fully leased to three tenants. Once leases expire CapMan plans to lease out the space to multiple tenants and diversify the income risk in the property. In addition, the property will be environmentally certified according to BREEAM In-Use.

Häggvik, situated next to the E4 motorway, is currently under strong development and will be transformed from a retail area into a lively urban district with new commercial space and some 5,000 new apartments to be completed in the next 10 years. The area will further gain attractiveness and accessibility from the development of Stockholm Bypass, the Tram extension and a new commuter train entrance located 200 meters from the property.

“This property is a great addition to our growing third value-add fund. Following the development of the area and improved accessibility, combined with our active management to further modernize and upgrade the office space, the attractiveness of the space will further increase and provide a great establishment opportunity for a wide selection of tenants”, says Magnus Berglund, Investment Director at CapMan Real Estate.