CapMan Real Estate signs 20-year lease agreement with Nobis in Stockholm
CapMan Real Estate press release
19.6.2024 at 16:15 PM EEST
CapMan Real Estate signs 20-year lease agreement with Nobis in Stockholm
CapMan Real Estate and Nobis Hospitality Group have entered a 20-year lease agreement for a new hotel operation in the Royal Haga project in Stockholm. The historic property Solna Kasernen 1 will become a unique facility with a hotel, restaurant, spa, conference rooms and offices.
The property is located in Hagaparken in Stockholm, offering an excellent location by Brunnsviken with proximity to both nature and the city. CapMan will initiate an extensive refurbishment to create a unique world-class destination hotel, and the facility is expected to open after the summer of 2025. The historic building was constructed between 1917-1922 as a military regiment and has previously been used as office space and for hotel operations. The newer part of the hotel was built in the 1990s and has been renovated in various stages. Kasernen 1 was named after the military activities conducted on the property until the early 1970s.
A destination for all purposes
When renovated, the hotel will have 215 rooms, large social areas, and a fantastic spa facility that will be one of the largest in Sweden with an accompanying wellness club. A high-standard restaurant will also be part of the hotel and open to both hotel guests and the public.
“We are excited to finally announce that Nobis will operate the hotel and attract new visitors to Royal Haga. We look forward to taking the next step for this historic building by offering fantastic facilities for future tenants and visitors. We see enormous potential in the property, combined with its unique and beautiful location in Hagaparken in Stockholm”, says Kajsa Bagler at CapMan.
“We are happy to collaborate with CapMan on this project. This hotel facility has a huge potential, and we are looking forward to creating a destination that will offer high-quality experiences”, says Alessandro Catenacci, owner of Nobis Hospitality Group.
CapMan will completely refurbish the property to elevate the hotel to a high international standard. Demolition and reconstruction work has already begun and will resume in full scale after the summer. When acquiring the property in the fall of 2022, CapMan identified investments to make the property more energy-efficient, and this work will continue until the new facility opens to the public. The green transition will enable the building to be certified according to BREEAM In-Use.
CapMan and Nobis plan to present more detailed information about the upcoming destination hotel during the fall of 2024. Further information about the facility will be communicated continuously, including the opening date, official names of the hotel and office, and illustrative concept material for the new operations.
If you are interested in leasing an office with comprehensive services available within the building, please contact Kim Grüneberger at +46 72 161 14 42. For more information, please visit www.royalhaga.se/office.
CapMan Real Estate manages approximately €4.4 billion in real estate assets, with a team of over 80 professionals located in Helsinki, Stockholm, Copenhagen, Oslo, London and Jyväskylä. The property Solna Kasernen 1 was acquired by the CapMan Nordic Real Estate III Fund in 2022.
For further information, please contact:
Kajsa Bagler, Investment Manager, CapMan Real Estate, +46 76 850 98 94
Magnus Berglund, Partner, Head of CapMan Real Estate Sweden and Norway, +46 707 866 808
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com
