The properties have approximately 107,000 square metres of lettable area and a rental value of MSEK 160 per year. 85% of the tenants are state agencies and include the Swedish Police Authority (Polismyndigheten), the Swedish Prison and Probation Service (Kriminalvården) and the Swedish Mapping, Cadastral and Land Registration Authority (Lantmäteriet). Closing will take place on 31 March.

“We are pleased to be able to transfer a portfolio of this quality to a long-term and stable party such as Regio, who will take over development and property management, moreover with the same fantastic local organisation. At the same time, the sale reinforces our financial position following the combination with Kungsleden and facilitates further investments and new production for our important clients,” says Rutger Arnhult, CEO of Castellum AB.

The transaction in brief 

Properties: Väster 21:6, Väster 27:1, Väster 32:3, Norr 15:7, Norr 38:3, Norr 47:7, Söder 6:5, Söder 17:10, Brynäs 17:1, Kubbo 15:1, Olsbacka 45:6, Kungsbäck 2:18.

Buyer: Fastighets AB Regio

Sale price: approx. SEK 2.3 billion

Closing date: 31 March 2022

Rental value: approx. MSEK 160/year

Average contract duration: approx. 3.6 years

Tenants:  Swedish Police; Swedish Prison and Probation Service; Swedish Mapping, Cadastral and Land Registration Authority; Gävle Municipality, the National Government Service Centre, International English School, and others.

Lettable area: 107,000 sq. m.

Economic occupancy rate: 97%