“We see huge potential in both the property and the area. The acquisition is fully in line with our strategy of utilising the already built environment by acquiring centrally located and attractive office properties where we can add long-term value. Grönstedska Palatset possesses a captivating history and a cultural significance that cannot be replicated in a newly produced property. However, there are elements we aim to enhance, such as elevating the property's sustainability profile and optimising the premises to meet the tenant’s current and future needs. We also look forward to contributing to the development of Hagastaden," says Julia Mejegård, Head of Investments Sweden, Areim.

The property is located in Hagastaden in Stockholm, a central growth area with good infrastructure and a wide range of services. 90 percent of the property's 28,000 square metres is currently leased. The seller is Gamla Livförsäkringsaktiebolaget SEB Trygg Liv and the closing took place on 2 May 2024.

JLL has been the technical and ESG advisor to Areim.