KPA Pension, which is part of the Folksamgruppen, has acquired the property Brädstapeln 13 on Kungsholmen in Stockholm. The seller is Europa, a pan-European fund manager in real estate. The property has an attractive location and has been completely renovated in recent years. The leasable area is approximately 13,300 square meters and the entry took place on February 1, 2024.

"We are continuing our long-term and strategic expansion of our property portfolio through an acquisition in the middle of our core market Stockholm. The property is located next to an existing owned property, Brädstapeln 16, which KPA acquired in 2019. We see great opportunities for synergies in the form of energy investments and increased management efficiency. Our focus on high-quality office properties in attractive locations remains firm," says Jonas Bjuggren, Property Director at Folksam.

“Refurbishing Brädstapeln 13, a 1970s office block, into a modern, flexible workspace has attracted a diverse range of high-quality tenants, achieving 95 percent occupancy and capturing rental growth in the process. Having successfully executed this business plan on behalf of our clients, we’re pleased to announce the sale of Brädstapeln 13 as an institutional quality asset,” says James Keast, Director, Asset Management at Europa.

JLL was the advisor to Europa.

"We have successfully worked with the property through various phases – several large lettings, project management and now sales. I am proud of the teams' efforts and the breadth and strength we can demonstrate to meet our customers' needs," says Linus Ericsson, CEO, JLL Sweden.

"We are pleased to assist Europe in their sale of an attractive office property in central Stockholm. We thank both parties for a good collaboration and congratulate them on a successful deal," says Daniel Anderbring, Head of Capital Markets, JLL Sweden.