Bromma Blocks is one of the Stockholm area's leading retail locations with nearly 70 tenants covering a wide range of retail trade. Food and other daily goods account for around 50 percent of the trading venue's total turnover, which in 2023 amounted to approximately SEK 2.1 billion. The total rental income amounts to SEK 210.3 million with an operating net of SEK 131.6 million.

Further expansion is possible as there is potential to create building rights for an additional approximately 50,000 square meters. The rental rate is approximately 91 percent, which opens up more rental opportunities.

Bromma Blocks is centrally located with a growing population base as several thousand new homes are planned in the immediate area in connection with Bromma and Sundbyberg becoming closer together. More than 2,000 parking spaces, several bus lines and the cross railway, which is under further expansion, guarantee good communications.

"We are really looking forward to taking over Bromma Blocks, which has an excellent location in an expanding district. We strongly believe in Bromma Blocks as a well-established trading location for almost 20 years in combination with Svenska Handelsfastigheter as a long-term player with strong owners. We sees good opportunities to further develop the area based on our extensive experience in foreign trade and low prices," says Thomas Holm, CEO of Svenska Handelsfastigheter.

"We are also very pleased to develop this expansive area and the building rights together with leading retailers and the City of Stockholm. This investment is an important step in our long-term strategy to contribute to the city's sustainable growth and create attractive, vibrant environments for both residents and visitors ."

The transaction is based on an underlying net property value of SEK 1,170 million. The deal is financed with external loans from Nordea and equity. The book value of the property amounted to SEK 1,725​​million as of December 31, 2023. The transaction takes place through the acquisition of seven companies and indirectly the land rights to the properties Trafikflyget 1, Trafikflyget 3, Trafikflyget 5, Trafikflyget 7 and Trafikflyget 9. Access is expected to take place on June 25, 2024.

As of March 31, 2024, Svenska Handelsfastigheter's portfolio contained 882,000 square meters of retail space in 145 municipalities across Sweden. In May, a portfolio of commercial properties of approximately 85,200 square meters was acquired. Through the acquisition of Bromma Blocks, Svenska Handelsfastigheter's total leasable area thus exceeds one million square meters.

The buyer's legal advisor has been Wigge & Partners, while CBRE IM has had CBRE and Gernandt & Danielsson as advisors.