ARTICLES TAGGED WITH "Stockholm"

RIM and Profi Acquire 80,000 sqm in Greater Stockholm

Sweden Sweden — Renger Investment Management (RIM) has together with Profi Fastigheter evaluated plans to acquire and develop the property Tumba 7:150 located in Tumba south of Stockholm.

Skanska Invests EUR 60M in Apartment Building in Nacka Strand

Sweden Sweden — Skanska is, together with its joint venture partner Carlyle, investing a total of EUR 120M in the apartment building The View in Nacka Strand, Sweden.

Fabege Sells For €263 M in Arenastaden

Sweden Sweden — Fabege has signed an agreement to sell the Uarda 5 property, Vattenfall’s head office in Arenastaden, to Union Investment Real Estate GmbH. The property comprises approximately 44,000 sqm of office space and is currently fully let to Vattenfall, and to an external restaurant. The sale will occur in the form of a company with an underlying property value of SEK 2,257 M (€263,54 M).

Klövern Acquires in Central Stockholm for Nearly €37 M

Sweden Sweden — Klövern acquires the site leasehold to the property Orgelpipan 4 from Axfast. The acquisition is Klövern's first in the central part of Stockholm and comprises a development property which is intended to be developed into a modern office- and retail property. The purchase price is SEK 340 million (€36,53 M).

AMF Acquires Fatburen in Stockholm

Sweden Sweden — The Swedish pension company AMF is buying the office property Fatburen on Södermalm in Stockholm from Aareal Bank for SEK 3,06 billion (€323 M). The building includes a total of 46 000 sqm.

NCC Sells Office Project in Stockholm for €170 M

Sweden Sweden — NCC is selling the Torsplan 2 office property in Hagastaden, Stockholm, and is simultaneously signing a contract to acquire an office property in Solna Business Park. The counterparty in the transaction is Fastighets AB Brostaden. The sale of Torsplan 2 will be carried out in the form of a company transaction at a value of approximately SEK 1.6 billion (€170 M).

Mall of Scandinavia Has Opened

Sweden Sweden — Last night was the grand opening of Mall of Scandinavia – the largest shopping mall in Scandinavia. – It is more than a shopping mall, Lars-Åke Tollemark, CEO for Unibail-Rodamco Norden, said during yesterday’s press preview.

Kungsleden Expands in Kista

Sweden Sweden — Kungsleden acquires the office property Electra Building (Keflavik 1) in Kista, Stockholm, with a total leasable area of 25,000 sqm. The vendor is Nordika and the sales price amounts to MSEK 750 (€ 78 M).

Fabege Acquires in Solna

Sweden Sweden — Fabege is acquiring the Stora Frösunda 2 and Hagalund 2:2 properties in Solna from Catena. The acquisition increases Fabege’s portfolio of development rights directly adjacent to Arenastaden. The acquisition has a total value of €157M.

Deka Immobilien Sells Office Building in Sweden

Sweden Sweden — Deka Immobilien GmbH has concluded the sale of an office building in Solna, part of the Stockholm metropolitan area in Sweden.

Mengus Sells for €130M in Stockholm

Sweden Sweden — Private Equity firm Mengus’ first fund (Mengus 2005) sells the office property kv. Aprikosen 2, by Mengus named Solna Gate. The property encompasses approximately 35,000 sqm leasable area and is sold to Klövern at a underlying value of approximately SEK 1,2 billion (€130M).

Stockholm’s Tallest Residential Building Reached Top

Sweden Sweden — The construction company JM’s Kista Torn has reached its full height, approximately 120 meters and 40 storeys high, of which 35 are residential storeys. It is by far Stockholm’s tallest residential building located in the middle of Kista.

Copenhagen To Challenge Stockholm

Denmark Denmark — With their new business and growth politics, Copenhagen’s municipality wants to create 20,000 new jobs in the private sector and establish as well as maintain 4,000 jobs in foreign companies before 2018. Copenhagen wants to pick up their lagging behind Stockholm.



Stockholm at European Top for Future Real Estate Investments

Sweden Sweden — Stockholm has a frontline when TIAA Henderson Real Estate (TH Real Estate) in a new review examine the future’s most attractive cities for real estate investments. Sweden’s capital ranks seventh among cities with the highest expected Gross Domestic Product in 2030, which is one of the examined parameters. London tops the ranking, while Oslo ends up in thirteenth place.

JLL: Stable Development on Stockholm’s Office Market

Sweden Sweden — Stockholm’s office market is continuously characterised by a low supply and high rent levels. At the same time minor movements towards increased vacancies are visible in the most central locations and a decrease in available office spaces outside the city. This is shown by the annual Nordic City Report conducted by JLL.